BY: admin | October 17, 2017
Take the Marco Basic Accounting Quiz!
Put your accounting knowledge to the test and see if you could still “ace” that college midterm!
Results
Congratulations! You did great!
See what you missed below!
#1 True or False: Debits are commonly associated with the term “left-side”
#2 Assets are reported on the balance sheet at which amount?
#3 Which of the following statements reports revenues and expenses for a period of time?
#4 GAAP is an acronym for _________
#5 True or False: Revenue – Expenses = Net Income
#6 In a proper journal entry, ________ are always indented
#7 True or False: Financial statements report the fair market value of a company
#8 Liabilities are recorded on the ________
#9 What is the minimum number or accounts required for an accounting entry?
#10 True or False: Liabilities – Assets = Equity
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