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The document contains a word scramble quiz about accounting basics for students at the Padmashree Dr. D. Y. Patil Institute of MBA. The quiz contains 10 questions scrambling terms related to financial reporting, the accounting equation, expense and liability accounts, double-entry accounting, equity accounts, journal entries, and general ledgers.
The document contains a word scramble quiz about accounting basics for students at the Padmashree Dr. D. Y. Patil Institute of MBA. The quiz contains 10 questions scrambling terms related to financial reporting, the accounting equation, expense and liability accounts, double-entry accounting, equity accounts, journal entries, and general ledgers.
The document contains a word scramble quiz about accounting basics for students at the Padmashree Dr. D. Y. Patil Institute of MBA. The quiz contains 10 questions scrambling terms related to financial reporting, the accounting equation, expense and liability accounts, double-entry accounting, equity accounts, journal entries, and general ledgers.
1. The process of communicating financial information to people outside of an organization.
NILCFNAIA NCUCATIGON 2. The expanded accounting equation includes revenues, expenses, common stock, dividends, paid in capital, and ________. SRYRTAUE CKTOS 3. Resource accounts with the same balance as expenses. SSTAES 4. A formula used to compute and balance double entry accounting. GCTAUNCNOI EQOTIUAN 5. Unearned revenues are what type of account? LSAEIBIIILT 6. Paid in capital is what type of account? ITYQEU 7. What do journal entries record? ESBNUISS NATTNISROSCA 8. The concept that debits will always equal credits. LEDBOU TRNEY ONCTIUNGCA 9. A record or document that contains account summaries for accounts used by a company. RLGAENE GDLREE 10. An account with an opposite balance. OACTNR UAOCNCT