To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Bookkeeping (Explanation).
5. The accounting or bookkeeping ___________ is Assets = Liabilities + Stockholders' Equity.
EQUATION EUTNQAIO7. The credit amount in the depreciation entry is recorded in ______________ Depreciation.
ACCUMULATED UDLCAMEUTCA9. Entries for depreciation are first written in the general ___________.
JOURNAL OLUNJRA13. The type of account that is affected by the accrual of an expense.
LIABILITY TBIILLIAY14. Under _________-entry bookkeeping a transaction affects a minimum of two accounts.
DOUBLE UBEODL16. A ___________-in-transit may be one of the adjustments appearing in the bank reconciliation.
DEPOSIT ISEODTP19. Bona fide invoices from suppliers that are to be paid in 30 days are reported in Accounts _______.
PAYABLE BELAAPY20. The ______ of accounts receivable sorts the customers' balances according to the dates due.
AGING GINAG
Get Our Premium Bookkeeping Test Questions When You Join PRO
Receive instant access to our entire collection of premium materials, including our 1,800+ test questions.
View All PRO Features
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Read all 2,930 reviewsFeatures
PRO
PRO Plus
For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.
Read 2,930 Testimonials
