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Accounting Flashcards | StudBud

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Accounting

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Accounting Quiz! for Pathways to Business

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Questions 10

Answers

1
Budgets that focus on the firm's financial goals and identify the resources needed
Financial Budget
Master Budget
Operating Budget
Budgeting
2
Costs that vary directly with the level of production
Variable Cost
Direct Cost
Fixed Cost
Indirect Cost
3
What is the accounting equation?
Assets+Liabilities=Owners Equity
Owners Equity+Assets=
Liabilities+Owners Equity=Assets
4
What are assets?
Resources used up as the result of business operations
Costs that vary directly with the level of production
Claims that outsiders have against a firm's assets
Resources owned by a firm
5
What student is the best in Mrs. Brazeals?
Джарод
จรด
贾罗德
Jarod
6
What does GAAP stand for?
General Accounting Admission Principles
Goals of Appropriate Actions Pertaining
General accepted accounting principles
Generally accepted accounting principles
7
Which of the following is NOT a main type of accountant?
Public Accountant
Government Account
Management Accountant
Business Accountant
8
Mrs. Brazeal has
Swag
Attitude
Sass
A positive and friendly learning environment
9
Implicit costs are when:
The opportunity cost that arises w/ owner supplied resources
A cost involves the payment of money or other resources
10
Everyone uses accounting at some point in their life.
True
False