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Basic Accounting Quiz! Trivia Exam

Question 1 of 3

Q1 . What is the normal balance for an expense account?

Q2 . The act of transferring the information from the General Journal to General Ledger is called what?

Q3 . Financial Statement that shows the Cost of Merchandise Sold.

Q4 . An Owner's Equity Statement is used to report a business's financial progress.

Q5 . Checks are fun to do and you never get tired of doing them.

Q6 . How do you write a worksheet?

Q7 . To "Debit" an account means to add to it.