Accounting & Bookkeeping Common Terms Quiz

Answers

1. Balance Sheet
2. Asset
3. Liabilities
4. Owner's Equity (or Equity)
5. Income Statement (or Profit and Loss Statement)
6. Revenue
7. Expenses
8. Net Income (or Profit)
9. Net Loss
10. Double
11. Account
12. Expense
13. Accounts
14. Accounts
15. Source
16. Journalizing
17. Book
18. Depreciation
19. Trial
20. Current
21. Current
22. Historical
23. Gross
24. Gross
25. Chart