Accounting Quiz or Test Your Knowledge On Completing The Accounting Cycle

July 15, 2010 by

Refresh or test your accounting knowledge by answering the following questions on Completing The Accounting Cycle:-

QUESTIONS:

1.0 Explain how the matching concept is related to the accrual basis of accounting2.0 Describe the nature of adjusting process

3.0 Explain how to prepare the adjusted trial balance

4.0 Describe the nature of closing entries