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Accounting First Day
Accounting First Day
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First day Accounting
Flashcards
16 cards
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Questions
16
Answers
1
What did accountant Walter Diemer invent in 1928?
bubble gum
the eraser
the calculator
white out
2
What club at MHS is Mrs. Wheeler the advisor for?
TSA (Technology Student Association)
ACADECA (Academic Decathlon)
BPA (Business Professionals of America)
FBLA (Future Business Leaders of America)
3
A business owned by one person is called a:
franchise
corporation
partnership
proprietorship
4
When is International Accounting Day?
August 24
November 10
January 5
April 15
5
A financial statement that reports assets, liabilities, and owner's equity on a specific date:
income statement
worksheet
balance sheet
trial balance
6
What does CPA stand for?
Confidant Private Accountant
Certainly Proud Accountant
Certain Painful Action
Certified Public Accountant
7
According to the Bureau of Labor Statistics, the average hourly wage for an accountant is:
$55.97
$28.72
$23.75
$35.37
8
Anything of value that is owned by a business:
Liability
Asset
Owner's Equity
Accounts Payable
9
A financial statement that lists a company's revenue and expenses for a period of time.
statement of cash flow
balance sheet
worksheet
income statement
10
The Accounting equation is:
none of these
Assets = Liabilities + Owner's Equity
Assets + Liabilities = Owner's Equity
Assets + Liabilities + Owner's Equity = Balance Sheet
11
Which of the following people studied to be an accountant?
Chuck Liddell (MMA/UFC Fighter)
Mick Jagger (singer)
all of these
John Grisham (author)
12
How many years has Mrs. Wheeler been teaching at MHS?
3
6
17
37
13
GAAP stands for:
Generally Accepted Accounting Principles
Getting Accounting Answers Period
none of these
General Applied Accounting Procedures
14
What BSU class can I register for concurrent credit with in Accounting this year?
Accounting 205 Intro to Financial Accounting
Accounting 102 Accounting Functions
Accounting 101 Principles of Accounting
Accounting 225 Intro to Managerial Accounting
15
Where is the Accounting Hall of Fame located?
The Wharton School of Business
Boise State University
Ohio State University
There's no Accounting Hall of Fame !
16
How many accountants are employed as Accounting Special Agents by the FBI?
none
over 2,000
about 500
about 150
