Financial Accounting · Topic 15 quiz

Accounting Worksheet Quiz

Work through 25 multiple-choice questions, one at a time. Submit each answer for feedback. At the end, review your score and see which concepts to revisit.

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1. A ten-column worksheet has how many debit-credit pairs?
2. Depreciation Expense goes to…
3. Accumulated Depreciation goes to…
4. Approved adjustments should be…
5. Worksheet is primarily…
6. Adjusted prepaid balance from opening amount and amount expired? Prepaid balance: 960. Expired amount: 144.
7. Adjusted wages expense from unadjusted expense and accrued wages? Wages expense: 1080. Unrecorded accrual: 156.
8. Adjusted unearned revenue from opening balance and amount earned? Unearned balance: 1200. Amount earned: 168.
9. Net income from income statement credits and debits? Income statement credits: 1320. Income statement debits: 180.
10. Supplies expense from supplies available and supplies left? Supplies available: 1440. Supplies left: 192.
11. Adjusted prepaid balance from opening amount and amount expired? Prepaid balance: 1200. Expired amount: 168.
12. Adjusted wages expense from unadjusted expense and accrued wages? Wages expense: 1320. Unrecorded accrual: 180.
13. Adjusted unearned revenue from opening balance and amount earned? Unearned balance: 1440. Amount earned: 192.
14. Net income from income statement credits and debits? Income statement credits: 1560. Income statement debits: 204.
15. Supplies expense from supplies available and supplies left? Supplies available: 1680. Supplies left: 216.
16. Adjusted prepaid balance from opening amount and amount expired? Prepaid balance: 1440. Expired amount: 192.
17. Adjusted wages expense from unadjusted expense and accrued wages? Wages expense: 1560. Unrecorded accrual: 204.
18. Adjusted unearned revenue from opening balance and amount earned? Unearned balance: 1680. Amount earned: 216.
19. Net income from income statement credits and debits? Income statement credits: 1800. Income statement debits: 228.
20. Supplies expense from supplies available and supplies left? Supplies available: 1920. Supplies left: 240.
21. Adjusted prepaid balance from opening amount and amount expired? Prepaid balance: 1680. Expired amount: 216.
22. Adjusted wages expense from unadjusted expense and accrued wages? Wages expense: 1800. Unrecorded accrual: 228.
23. Adjusted unearned revenue from opening balance and amount earned? Unearned balance: 1920. Amount earned: 240.
24. Net income from income statement credits and debits? Income statement credits: 2040. Income statement debits: 252.
25. Supplies expense from supplies available and supplies left? Supplies available: 2160. Supplies left: 264.
Show the answer key
  1. Five The correct choice is Five.
  2. Income statement debit The correct choice is Income statement debit.
  3. Balance sheet credit The correct choice is Balance sheet credit.
  4. Journalised and posted The correct choice is Journalised and posted.
  5. Internal working paper The correct choice is Internal working paper.
  6. 816 Credit the prepaid asset for the amount consumed.
  7. 1236 Add wages incurred but unpaid.
  8. 1032 Debit the liability for the amount earned.
  9. 1140 Subtract expenses from revenue.
  10. 1248 Expense the supplies used.
  11. 1032 Credit the prepaid asset for the amount consumed.
  12. 1500 Add wages incurred but unpaid.
  13. 1248 Debit the liability for the amount earned.
  14. 1356 Subtract expenses from revenue.
  15. 1464 Expense the supplies used.
  16. 1248 Credit the prepaid asset for the amount consumed.
  17. 1764 Add wages incurred but unpaid.
  18. 1464 Debit the liability for the amount earned.
  19. 1572 Subtract expenses from revenue.
  20. 1680 Expense the supplies used.
  21. 1464 Credit the prepaid asset for the amount consumed.
  22. 2028 Add wages incurred but unpaid.
  23. 1680 Debit the liability for the amount earned.
  24. 1788 Subtract expenses from revenue.
  25. 1896 Expense the supplies used.