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Ninth Grade (Grade 9) Accounting Questions

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Grade 9 Accounting
Which of the following is the first step in the Accounting Cycle?
  1. Journal entries
  2. Analyze the transaction
  3. Identify the transaction
  4. Post to ledger
  5. None of the above
Grade 9 Accounting
An "real-world" example of an Adjusted Entry in the accounting cycle for a service related business would be
  1. A bill that your company doesn't pay
  2. A bill that a client doesn't pay
  3. Both a & b
  4. Neither a or b
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