CCNA1 v3 Module 1 v3 Accounting I Midterm Review JEOPARDY K. Martin
CCNA1 v3 Module 1 v3 Accounting I Midterm Review JEOPARDY K. Martin.
Jan 03, 2016
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CCNA1 v3 Module 1
v3Accounting I
Midterm Review
JEOPARDY
K. Martin
CCNA1 v3 Module 1
RouterModes
WANEncapsulation
WANServices
RouterBasics
RouterCommands
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400
500
RouterModes
WANEncapsulation
WANServices
RouterBasics
RouterCommands
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Analyzing Transactions
Source Documents
Ethics and Workplace
Skills
The WorkSheet
Financial Statements
Closing Entries
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200
300
400
500
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200
300
400
500
► ► ► F i n a l J e o p a r d y ◄ ◄ ◄
CCNA1 v3 Module 1
Question
The accounting equation.
Analyzing Transactions
100
A: What is Assets=Liabilities + Owner’s Equity?
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CCNA1 v3 Module 1
QuestionA: What is debit?
The normal balance of Miscellaneous Expense.
CCNA1 v3 Module 1
Analyzing Transactions
200
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CCNA1 v3 Module 1
Question
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A: What is an Account?
A record summarizing all the information pertaining to a single item in the accounting equation.
CCNA1 v3 Module 1
Analyzing Transactions300
CCNA1 v3 Module 1
Question
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A: What are the Owner’s Equity Accounts?
Revenue, Expenses, Capital, and Drawing.
CCNA1 v3 Module 1
Analyzing Transactions400
CCNA1 v3 Module 1
Question
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A: What is Debit Supplies and Credit Accounts Payable, Davis Supply Company for $800.
The journal entry for “Bought supplies on account from Davis Supply Company, $800.”
Analyzing Transactions500
CCNA1 v3 Module 1
Question
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A: What are the Source Documents?
Memorandum, receipt, sales invoice, check stub, and calculator tape.
Source Documents
100
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CCNA1 v3 Module 1
Question
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A: What is a Check Stub?
The source document for paying cash.
Source Documents
200
CCNA1 v3 Module 1
Question
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A: What is a Receipt?
Source Documents300
The source document used if I receive $500 from the owner as an investment.
CCNA1 v3 Module 1
Question
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A: What is the Doc. No.?
The column in the General Journal in which source documents are recorded.
Source Documents400
CCNA1 v3 Module 1
Question
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A: What is a Memorandum?
Source Documents500
The source document used for a purchase on account.
CCNA1 v3 Module 1
Question
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A: What is Competence?
Being able to properly do your job.
Ethics and Workplace Skills100
CCNA1 v3 Module 1
Question
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A: What are 21st Century, Workplace, and Foundation skills?
The three types of workplace skills.
Ethics and Workplace Skills
200
CCNA1 v3 Module 1
Question
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A: What is Independence?
Not deliberately altering financial information to benefit yourself.
Ethics and Workplace Skills
300
CCNA1 v3 Module 1
Question
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A: What are Twenty-First Century skills?
Includes problem solving skills, self-direction, and other skills that are related to the marketplace.
Ethics and Workplace Skills400
CCNA1 v3 Module 1
Question
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A: What are Workplace skills?
Technology skills, being able to quickly learn new technology, and other skills that relate directly to the workplace.
Ethics and Workplace Skills500
CCNA1 v3 Module 1
Question
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A: What is a Work Sheet?
A rough draft for financial statements.
The Work Sheet
100
CCNA1 v3 Module 1
Question
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A: What are the sections of a Work Sheet?
Header, account titles, trial balance, adjustments, income statement, and balance sheet
The Work Sheet
200
CCNA1 v3 Module 1
Question
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A: What is the Account Titles column?
The first column on a worksheet.
The Work Sheet300
CCNA1 v3 Module 1
Question
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A: What is double ruling below the totals?
The last step after any column total is calculated.
The Work Sheet400
CCNA1 v3 Module 1
Question
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A: What are the Insurance Expense and Supplies Expense?
The two accounts debited in the adjusting entries.
The Work Sheet500
CCNA1 v3 Module 1
Question
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A: What is the Income Statement?
The financial statement that shows revenue, expenses, and net income or net loss
Financial Statements100
CCNA1 v3 Module 1
Question
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A: What are the sections of a Balance Sheet?
Header, Assets, Liabilities, and Owner’s Equity
Financial Statements200
CCNA1 v3 Module 1
Question
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A: What is the Balance Sheet?
The financial statement that shows the financial health of a company.
Financial Statements300
CCNA1 v3 Module 1
Question
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A: What are Company Name, Name of Report, and Date?
The sections of a heading for any financial statement in order.
Financial Statement400
CCNA1 v3 Module 1
Question
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A: What is Calculating the Component Percentages?
The last step in creating the income statements
Financial Statements500
CCNA1 v3 Module 1
Question
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A: What are the Temporary Accounts?
Sales, Expenses, Drawing, and Income Summary.
Closing Entries100
CCNA1 v3 Module 1
Question
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A: What is the Income Summary Account?
Where the Sales and Expense accounts are closed.
Closing Entries200
CCNA1 v3 Module 1
Question
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A: What is the Capital Account?
Where the Income Summary and Drawing accounts are closed.
Closing Entries300
CCNA1 v3 Module 1
Question
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A: How is an account closed?
Doing the opposite of the normal balance for the balance of the account.
Closing Entries 400
CCNA1 v3 Module 1
Question
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A: What is a Net Income?
A credit balance in the Income Summary account.
Closing Entries 500
CCNA1 v3 Module 1
Question
What are Assets-100, Liabilities-200, Owner’s Equity-300, Sales-400, and Expenses-500?
The account numbers for each category in the chart of accounts.
Final Jeopardy
CCNA1 v3 Module 1
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