Accounting Basics Quiz (Part 5 of 5)

QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada If you’re learning accounting, this quiz is for you! I’m going to test your knowledge with 20 multiple choice questions for beginners. 19. Which of the following is a common example of a Control Account? 20. A business closes its Expense accounts at the end of an accounting period. What is the Closing Entry? Bonus Question: Net Profit from the Income Statement flows through ______ into the Balance Sheet. 🔴 Subscribe for more Accounting Tutorials → https://geni.us/subtothechannel 🔗OTHER RESOURCES ▪ My Website → https://accountingstuff.com/accounting-basics/accounting-equation 🔎FAQ ▪ My Favourite Accounting Book for Beginners → http://geni.us/5mKR7m 🔝 CLOUD ACCOUNTING SOFTWARE ▪ XERO (Free Trial / Discount) → https://xero5440.partnerlinks.io/08mfchsgfw8z ▪ QuickBooks Online USA (Free Trial / Discount) → https://geni.us/quickbooksonlineusa ▪ QuickBooks Online Canada (Free Trial / Discount) → https://geni.us/quickbooksonlinecanada 🚶FOLLOW ME ON ▪ Instagram → https://www.instagram.com/accountingstuff ▪ TikTok → https://www.tiktok.com/@accounting_stuff ▪ Facebook → https://www.facebook.com/accountingstuff #accounting #quiz #accountingbasics