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ACCOUNTING 101 BUNDLED EXAMS | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE 2025
ACCOUNTING 101 BUNDLED EXAMS | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE 2025
[Show more]ACCOUNTING 101 BUNDLED EXAMS | QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE 2025
[Show more]©FYNDLAY 2025 ALL RIGHTS RESERVED 
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Accounting 101- Chapters 1-3 Review Exam 
Questions and Answers 100% Pass 
Name the 3 forms of business organization. - ANS sole proprietorship, partnership, and 
corporation 
In what type of business organization are the owners personally liable for ...
Preview 1 out of 3 pages
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Accounting 101- Chapters 1-3 Review Exam 
Questions and Answers 100% Pass 
Name the 3 forms of business organization. - ANS sole proprietorship, partnership, and 
corporation 
In what type of business organization are the owners personally liable for ...
©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Accounting 101 Midterm Review Exam 
Questions and Answers 100% Pass 
The Accounting Equation - ANS Assets= Liabilities + Stockholders Equity 
Assets - ANS Economic resources that are expected to benefit the company's future 
operations. 
Assets inc...
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Add to cart©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Accounting 101 Midterm Review Exam 
Questions and Answers 100% Pass 
The Accounting Equation - ANS Assets= Liabilities + Stockholders Equity 
Assets - ANS Economic resources that are expected to benefit the company's future 
operations. 
Assets inc...
©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
ACCOUNTING 101 CHAPTERS 1-4 Exam 
Questions and Answers 100% Pass 
Financial accounting - ANS Provides information for external decision makers 
Managerial accounting - ANS Accounting that focuses on providing information for internal 
decision makers...
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Add to cart©FYNDLAY 2025 ALL RIGHTS RESERVED 
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ACCOUNTING 101 CHAPTERS 1-4 Exam 
Questions and Answers 100% Pass 
Financial accounting - ANS Provides information for external decision makers 
Managerial accounting - ANS Accounting that focuses on providing information for internal 
decision makers...
©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Ivy Tech Accounting 101 Final Exam Study 
Guide Questions and Answers 100% Pass 
What is the primary responsibility of FASB? - ANS Developing GAAP 
What is the accounting equation? - ANS Assets=Liability+Equity 
What is the definition of revenue? - AN...
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Ivy Tech Accounting 101 Final Exam Study 
Guide Questions and Answers 100% Pass 
What is the primary responsibility of FASB? - ANS Developing GAAP 
What is the accounting equation? - ANS Assets=Liability+Equity 
What is the definition of revenue? - AN...
©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Accounting 101 Final Exam Practice 
Questions and Answers 100% Pass 
Which of the following does not occur during the closing process? - ANS Journal entries are 
made to return the balance in all real accounts to zero. 
The purchase of office equipmen...
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Accounting 101 Final Exam Practice 
Questions and Answers 100% Pass 
Which of the following does not occur during the closing process? - ANS Journal entries are 
made to return the balance in all real accounts to zero. 
The purchase of office equipmen...
©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Accounting 101- Basic Accounting Exam 
Study Guide 100% Verified. 
Accountant - ANS A person who keeps the financial history of the transactions of an 
economic unit in written form. (p. 4) 
Accounting - ANS The process of analyzing, classifying, reco...
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©FYNDLAY 1 
Accounting 101- Basic Accounting Exam 
Study Guide 100% Verified. 
Accountant - ANS A person who keeps the financial history of the transactions of an 
economic unit in written form. (p. 4) 
Accounting - ANS The process of analyzing, classifying, reco...
©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Accounting 101 Final Exam Study Guide 
Questions and Answers 100% Pass 
What is accounting? - ANS the action or process of keeping financial accounts 
revenues - ANS inflows of assets resulting from the sale of goods and services 
expenses - ANS outfl...
Preview 2 out of 13 pages
Add to cart©FYNDLAY 2025 ALL RIGHTS RESERVED 
©FYNDLAY 1 
Accounting 101 Final Exam Study Guide 
Questions and Answers 100% Pass 
What is accounting? - ANS the action or process of keeping financial accounts 
revenues - ANS inflows of assets resulting from the sale of goods and services 
expenses - ANS outfl...
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