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Accounting Flashcards | StudBud

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Accounting

10 terms·StudBud Administration

Accounting 10 question quiz

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Questions 10

Answers

1
When you pay cash for an expense your cash...
Doesn't change
Increases
Stays the same
Decreases
2
Accounting is the language of..
Business
Liabilities
Ethics
Owners equity
3
TRIVIA: How much wood could a woodchuck chuck if a woodchuck could chuck wood
Woodchucks don't actually chuck wood dummy
Too darn much to count
not that much
very small amount
4
What is a transaction?
An exchange between two or more people
This is the right answer
Nah this is the right one
A business encounter
5
When sales increases, cash
balances
increases
decreases
doesn't change
6
Who is the author of the accounting book
Gilbertson*Lehman
Shane+ Massassassey
Brandon= ticey
Rite_Cowans
7
Expenses increase on the...
west
right
left
east
8
Cash is a(n)
Prepaid Insurance
Liability
Owners Equity
Asset
9
Liabilities are..
great
good
amazing
bad
10
Cash is normal on the right
False
FALLSE
Truue
true