11 thoughts on “Accounting Cycle Quiz

  1. i needed a refresher and visual knowledge of a general ledger’s composition, in order to explain a way to improve a related business process. This was very helpful

  2. Dear sir,
    In your topic “Adjusting entries in accounting-Introduction” feel a mistake that, In the case of prepaid insurance example, how can credit the prepaid insurance account? Is not a current asset?
    Kindly reply for the above to the address provided.

  3. ummmmm…….can you tell me.. if um… just for an example….. as in making the analysis chart…. and if the business paid rent ……then that means that rent is affected to be as an expense…and that is decreased….and also a credit.but cash is also affected and it also decreases and it is also credit…… i hope you get what i am explaining……
    but i just want you to tell me where i am wrong in this one transaction…..

  4. when expense or cash increase so it credits.

    and when decrease so it credits..

    so your entry would be made like this

    expense debit
    cash credit
    (paid rent expense)

  5. can anyone help me asap plz,I know holiday is here and everyone is chilling,I am in a terrible situation with my acct course,chapter6 ,textbook assignment prob1 and 2.name of the book is principles of accounting 1 by meg polard,sherry mills,harrison jr.chapter 6 accounting information system,trasactions sale,inventory credit journals..

    email carter580451@bellsouth.net Contact me by email ,PLz

  6. Whats up this is somewhat of off topic but I was wanting to know if
    blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding expertise so I wanted to get guidance from someone with experience.

    Any help would be greatly appreciated!

  7. I think that everything typed was very reasonable.
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