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Maria paula Beltrán

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Froggy Jumps Actividad 3 Juego InglesVersión en línea Selecciona la respuesta correcta por Maria paula Beltrán 1 1.Which side is increased when you debita n account a DEBIT b CREDIT c ASSESTS 2 When recording an increase in liabilities. Libilty Will? a CREDIT b DEBIT c LIABITIES 3 To decrease an expense account, you would a CREDIT b DEBIT c REVENUE 4 When receiving cash from a customer, cash Will be a CREDIT b DEBIT c EXPENSES 5 Which side is credited when a company pays off a loan ? a CREDIT b DEBIT c 6 When recording the sale of godos, sale Will be? a CREDIT b DEBIT c 7 When a new asset is purchased then asset Will be? a DEBIT b CREDIT c 8 Entries to expreses such as rent expense are usually a DEBIT b CREDIT c 9 To decrease a liability account, you would a DEBIT b CREDIT c LIABILITIES 10 Entries to revenues accounts such as service revenues are usually a CREDIT b DEBIT c ASSETS 11 When a company pays rent for the month, which side is decreased? a CREDIT b DEBIT c ACCOUNTING 12 When a company pays a Bill, the account cash Will be a CREDIT b DEBIT c ASSETS 13 If the customer returns inventory the sales return? a DEBIT b CREDIT c ACCOUNTING 14 When a company records depreciation on equipment, which side affected? a DEBIT b CREDIT c LIABILITIES 15 If a company issues common stock, which side is increased? a CREDIT b DEBIT c ASSETS 16 The economic resources (assets), economic obligations (liabilities), residual interest (equity) and changes in them (revenue and expense). a basic elements b basic objectives c basic principles 17 The basic elements directly related to the measurement of financial position are: a assets, liabilities & equity b cash and receivables c assets and liabilities 18 The basic elements directly related to the measurement of performance or results of operations are: a revenue and expense b financial ratios c net income 19 These are resources controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise. a Assets b Equity c liabilities 20 These are present obligations of an enterprise arising from past events the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits. a liabilities b lawsuit c equity 21 It is the residual interest in the assets of the enterprise after deducting all its liabilities. a equity b net income c revenue 22 Gross inflows of economic benefits from ordinary activities resulting to increases in equity, other than contributions from owners. a revenue b expense c assets 23 The valuation basis used in conventional financial statement is: a A mixture of cost & value b Market value c Original cost 24 Imputing interest for certain assets and liabilities is primarily based on the concept of: a valuation b Conservatism c consistency 25 This is the process of converting noncash resources into cash or claims of cash. a realization b Allocation c recognition 26 The account title for light and wáter bills a UTILITIES EXPENSE b ASSETS c LIABILITIES 27 An account which contains nominal and real accounts a MIXED ACCOUNT b EQUITY c CASH FLOW 28 What account titles that fits the description of income earned but not yet received a ACCRUED INCOME b LIABILITIES c EQUITY 29 A statement that shows “financial condition” of the business as of a particular date a BALANCE SHEET b CASH FLOW c INCOME SHEET 30 It is a measurement that Will answer how long can Enterprise survive a SOLVENCY/ STABILITY RATIO b ACCOUNTING c ASSETS

Actividad 3 Juego Ingles

Froggy Jumps

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Froggy Jumps

Actividad 3 Juego InglesVersión en línea

por Maria paula Beltrán

1.Which side is increased when you debita n account

When recording an increase in liabilities. Libilty Will?

To decrease an expense account, you would

When receiving cash from a customer, cash Will be

Which side is credited when a company pays off a loan ?

When recording the sale of godos, sale Will be?

When a new asset is purchased then asset Will be?

Entries to expreses such as rent expense are usually

To decrease a liability account, you would

Entries to revenues accounts such as service revenues are usually

When a company pays rent for the month, which side is decreased?

When a company pays a Bill, the account cash Will be

If the customer returns inventory the sales return?

When a company records depreciation on equipment, which side affected?

If a company issues common stock, which side is increased?

The economic resources (assets), economic obligations (liabilities), residual interest (equity) and changes in them (revenue and expense).

The basic elements directly related to the measurement of financial position are:

The basic elements directly related to the measurement of performance or results of operations are:

These are resources controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise.

These are present obligations of an enterprise arising from past events the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits.

It is the residual interest in the assets of the enterprise after deducting all its liabilities.

Gross inflows of economic benefits from ordinary activities resulting to increases in equity, other than contributions from owners.

The valuation basis used in conventional financial statement is:

Imputing interest for certain assets and liabilities is primarily based on the concept of:

This is the process of converting noncash resources into cash or claims of cash.

The account title for light and wáter bills

An account which contains nominal and real accounts

What account titles that fits the description of income earned but not yet received

A statement that shows “financial condition” of the business as of a particular date

It is a measurement that Will answer how long can Enterprise survive