Midterm Review Terms

Create a visually engaging infographic that represents key accounting concepts such as GAAP, fiscal year, and the accounting equation. Use symbols like calculators, ledgers, and financial tables with a modern design.

Midterm Review Quiz: Accounting Essentials

Test your knowledge of essential accounting terms and concepts with our engaging midterm review quiz! This quiz covers the fundamentals of accounting, ensuring you're well-prepared for your upcoming assessments.

11 carefully crafted questions
Multiple choice, text, and checkboxes formats
Track your understanding of key accounting principles

11 Questions3 MinutesCreated by CountingStars245

What does GAAP stand for?

Generally Accepted Accounting Principles

General Accounting Accepting Principles

Generally Accounting Principles

Goal of All Accounting Purposes

Includes a description of the accounts sometimes an account number

Chart of Banking

Account table

Chart Of Account

General account

What is a CPA

Certified Public Accounting

Corner Public Accounting

Certified Personal Accounting

Certified Person Account

What is a fiscal year?

Assets=liability+owner's equity

A period that company or gov. Uses for accounting purposes and preparing financial statement

Complete record of financial transactions for a company each year

A period of a complete year that a company keeps track to transactions from a company to another company

Midterm Review Terms

Midterm Review Quiz: Accounting Essentials

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