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Ninth Grade (Grade 9) Accounting Worksheets - Create Printable Tests and Worksheets

Create printable tests and worksheets from Grade 9 Accounting questions. Select questions to add to a test using the checkbox above each question.

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Accounting

1 vote

The percentage of income taxes you must pay as a business owner for a retail business is more than what you are obligated to pay as a service business
1. True
2. False

Accounting

Which of the following is the first step in the Accounting Cycle?
1. Journal entries
2. Analyze the transaction
3. Identify the transaction
4. Post to ledger
5. None of the above

Accounting

An "real-world" example of an Adjusted Entry in the accounting cycle for a service related business would be
1. A bill that your company doesn't pay
2. A bill that a client doesn't pay
3. Both a & b
4. Neither a or b

Accounting

An accountant for a retail business has to enter A/R (Accounts Recievable), but not A/P (Accounts Payable).
1. True
2. False

Accounting

There are 10 total steps in the Accounting Cycle
1. True
2. False

Accounting

Repairs of damage to a building your company owns that occurred during a heavy storm is classified as a incurred expense.

Accounting

Taxes taken in from revenues are the biggest difference between the accounting practices of a retail versus that of a service business.

Accounting

It is acceptable to claim expenses related to a home office if you use it less than 50% of the time that you conduct business activities as a service business.
1. True
2. False

Accounting

Briefly explain the difference between the Adjusted Trail Balance and the Post-closing Trial Balance steps of the Accounting Cycle
- Adjusted Trail Balance can be calculated directly after adjusting entries are made, but before the closing entries are made. The Post-closing Trail Balance must be calculated after all other steps of the cycle have been completed.

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