Q.1
To record revenue that has been received but not yet earned, an entry is made that increases a liability account.
  • True
  • False
Q.2
Interest incurred but not yet paid.
  • accrual
  • accrued interest expense
  • accrued expenses
  • deferral
Q.3
Payments for goods or services which have not yet been received.
  • accrued interest expense
  • accrued expenses
  • adjusted trial balance
  • deferred expenses
Q.4
Expenses incurred in one fiscal period but not paid until a later fiscal period.
  • accrual
  • accrued interest expense
  • accrued expenses
  • deferral
Q.5
douse UAE award for Creative Sport?
  • true
  • false
Q.6
Where do you use creative movement?
  • Dance routines
  • Gymnastics
  • Yoga
  • All Of above
Q.7
Individual balancing is an type of balance?
  • true
  • false
Q.8
How many types of balancing?
  • 1
  • 2
  • 3
  • 4
Q.9
What is balance ?
  • to stand up
  • are an important part of creative performance.
  • way we move around
  • different types, speeds and levels of travelling movements
Q.10
The journal entry to close Income Summary when there is a net income is
  • a. debit Sales; credit Income Summary.
  • b. debit owner’s capital; credit Income Summary.
  • c. debit owner’s capital; credit Sales.
  • d. debit Income Summary; credit owner’s capital.
Q.11
Temporary accounts begin each new fiscal period with a
  • a. debit balance.
  • b. credit balance.
  • c. zero balance.
  • d. balance equal to the net income.
Q.12
After closing entries are posted, the balance in the owner’s drawing account should be
  • a. a debit.
  • b. zero.
  • c. a credit.
  • d. none of these.
Q.13
After the closing entries are posted, the owner’s capital account balance should be the same as shown
  • a. on the balance sheet for the fiscal period.
  • b. in the work sheet’s Balance Sheet Debit column.
  • c. in the work sheet’s Balance Sheet Credit column.
  • d. in the work sheet’s Income Statement Debit column.
Q.14
Accounts used to accumulate information from one fiscal period to the next are
  • a. revenue accounts.
  • b. permanent accounts.
  • c. temporary accounts.
  • d. expense accounts.
Q.15
When the total expenses are greater than the total revenues,
  • a. the Income Summary account has a credit balance.
  • b. the Income Summary account has a debit balance.
  • c. debits equal credits.
  • d. none of these.
Q.16
Income Summary is a(n)
  • a. asset account.
  • b. liability account.
  • c. temporary account.
  • d. permanent account.
Q.17
The last step in the accounting cycle is to
  • a. record transactions in a journal.
  • b. prepare a work sheet.
  • c. journalize and post closing entries.
  • d. prepare a post-closing trial balance.
Q.18
The accounts that appear on the post-closing trial balance are
  • a. assets, liabilities, and owner’s capital.
  • b. revenue, expenses, and owner’s drawing.
  • c. all accounts in the chart of accounts.
  • d. all temporary accounts.
Q.19
At the end of a fiscal period, the balances of permanent accounts are summarized and transferred to the owner's capital account.
  • True
  • False
Q.20
Temporary accounts must start each fiscal period with a zero balance.
  • True
  • False
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