Closing and Worksheet MCQs
MCQS 1 To 10
1. In preparing a worksheet, a net loss would be computed and entered in the?
2. When do revenues affect net income?
3. The accountant's worksheet?
4. A worksheet provides total information for preparing?
5. Which of the following is a financial asset?
6. Which of the following statements is true?
7. What is the final stage of the accounting process?
8. Retain earning increased when the corporation has a?
9. In general, the asset side of the balance sheet is designed to summarize balance sheet accounts with?
10. Which of the following accounts would not be closed at the end of an accounting period?
>> Read Closing Entries.
MCQs 11 To 20