1. Introduction to Accounting

Which of the following accounts would appear on a budgeted balance sheet?

Which two financial statements are typically prepared directly from the information on the worksheet at the end of an accounting period?

For each of the following items, identify the appropriate financial statement element: (a) Accounts Receivable, (b) Service Revenue, (c) Salaries Expense, (d) Retained Earnings. Which of the following correctly matches each item to its financial statement element?

Austin needs a summary of all general ledger accounts to review the balances at a specific point in time. Which financial statement should he refer to?

Which of the following is NOT a component of a typical mortgage payment?

Revenues and expenses are reported in the:

In the context of financial statements, what are typically the largest asset and the largest liability on a commercial bank's balance sheet?

Which of the following is a component of an invoice?

Which of the following accounts would appear on the Balance Sheet?

Which of the following statements best defines the chart of accounts?

Which one of the following is NOT a key linkage among the four primary financial statements?

Which statements represent a company's primary means of communicating information to external users?

Accounts payable will appear on which of the following financial statements?

Which of the following must be included in the annual reports of public companies?

Which financial statement shows that a company's resources equal claims to those resources?