NOCTI EXAM - ACCOUNTING
PRACTICE QUESTIONS WITH 100%
SOLVED ANSWERS!!/GRADE A+
ASSURED
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Terms in this set (42)
Statement of The business form sent monthly to
Account each charge customer is known as
make payments requiring a small
petty cash fund
amount of cash
Explains changes in equity from net
A Statement of income (or loss) and from any owner
Owner's Equity investments and withdrawals over a
period of time.
, When preparing endorsed
a bank deposit,
the first task will
be to see that all
checks are
properly
The process of recording
Journalizing
transactions in the journal is called
A(n) _____________ describes a
company's financial position (types
Balance Sheet
and amounts of assets, liabilities,
and equity) at a point in time.
A(n) ____________ check is a check that
was recorded in the checkbook but
does not appear on the bank
Outstanding statement because it did not reach
the bank's accounting department in
time to be included on the
statement.
the excess of revenue over total
Net Income is
expenses.
PRACTICE QUESTIONS WITH 100%
SOLVED ANSWERS!!/GRADE A+
ASSURED
Save
Terms in this set (42)
Statement of The business form sent monthly to
Account each charge customer is known as
make payments requiring a small
petty cash fund
amount of cash
Explains changes in equity from net
A Statement of income (or loss) and from any owner
Owner's Equity investments and withdrawals over a
period of time.
, When preparing endorsed
a bank deposit,
the first task will
be to see that all
checks are
properly
The process of recording
Journalizing
transactions in the journal is called
A(n) _____________ describes a
company's financial position (types
Balance Sheet
and amounts of assets, liabilities,
and equity) at a point in time.
A(n) ____________ check is a check that
was recorded in the checkbook but
does not appear on the bank
Outstanding statement because it did not reach
the bank's accounting department in
time to be included on the
statement.
the excess of revenue over total
Net Income is
expenses.
