Home > FBLA > Quizzes > FBLA Accounting I Test 3
FBLA Accounting I Test 3
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 25% • Most missed: “Based on the data in question 48, what is the balance in accumulated depreciatio…”
FBLA Accounting I Test 3
Time left 00:00
25 Questions

1. The total paid to Hill Supply for January was __________.
2. The total amount of purchase charges included on the Income Statement for the month of January was __________.
3. Williams Company accepted a nine-month, $5,000, 6% note, from Pace Corporation on September 1, 1999. The amount of interest to be accrued on December 31, 1999 is __________.
4. The person or business to whom the signer of a promissory note promises a future payment is called the __________.
5. In a worksheet, which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?
6. The form that contains information necessary to determine the employee's net earnings is a __________.
7. If total assets decreased by $15,000 during an accounting period, and liabilities increased by $10,000 during the same period, the amount and direction (increase or decrease) of the period's change in total capital is __________.
8. Cameron Corporation ages accounts receivable to estimate uncollectibles. The aging schedule estimates $2,340 of uncollectible accounts. Prior to adjustment, allowance for uncollectible accounts has a debit balance of $300. The expense reported on the income statement for uncollectibles will be __________.
9. John Caviness, a CPA, owns his own business. His company records show an account, Accounting Fees Earned, with a balance of $65,000. This account should be extended as a
10. The purchase of a delivery van for cash would __________.
11. The expected cash value of a plant asset at the end of its useful life is called all the following except __________.
12. The form that accompanies the payment of taxes to the federal government is a __________.
13. The total of a one-column purchases journal is posted to the account(s)
14. The collection of cash from a charge customer would __________.
15. The January payments made to University Supply were __________.
16. Depreciable cost is defined as __________.
17. Performing carpet cleaning services on account would increase __________.
18. Expecting a business to remain in operation indefinitely is a referral to the accounting concept __________.
19. The accountant for American Packing Company is completing the work sheet for 2000. The subtotals of the Income Statement columns show debits of $240,000 and credits of $220,000. This information indicates that
20. The total debits to the general ledger controlling account for January were __________.
21. The balance of Accounts Payable that appeared on the January 1, 1999, Balance Sheet was __________.
22. On a balance sheet, a delivery truck is classified as a __________.
23. Under the direct write-off method of accounting for bad debts, the entry to record the estimated bad debts includes a
24. The form that summarizes the information reported on each employee's report of income and taxes is a/an __________.
25. The best definition of assets is

⚡ Recently practiced quizzes in this topic
Live quiz activity
FBLA Intro to Business Test FBLA Economics Test FBLA Journalism Test FBLA Introduction To Information Technology Test FBLA Insurance & Risk Management Test FBLA Advertising Test FBLA Agribusiness FBLA Parliamentary Procedure Terms FBLA Insurance & Risk Management Test 2 FBLA Personal Finance Test 2
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.