Accounting Basics Quiz (Part 4 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. 14. A Prepaid Expense is classified as ______ . 15. A business performs a service for a customer, but doesn't invoice them until the following month. What Journal Entry should be posted on the day the service is provided? 16. How do you calculate Gross Profit using an Income Statement? 17. The Balance Sheet is also known as the ______ . 18. Which of the following is reported under Cash Flow from Financing Activities? 🔴 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