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Financial Accounting Basics Questions And Answers. 8 what is the balance sheet. Accounting equation questions and answers.
This short test 9 questions covers the first theory section of this site basic accounting concepts. Learn and improve your skills at our online platform for free accountingcoaching. Find over 1 500 q a for accounting and finances at accountingcoach blog.
6 what is the abbreviation for the accounting terms debit and credit.
It ll test your understanding of the accounting equation and its main elements assets liabilities and owner s equity. Accounting and bookkeeping principles practices concepts and methods featured in the unit and there was good evidence of preparation and practice with regard to structure format and presentation of accounting data and information among the sound financial statements double entry bookkeeping and cash budgets submitted. Accounting equation questions and answers. 8 what is the balance sheet.