Review of the Accounting Cycle Test Bank (Intermediate Accounting)

Review of the Accounting Cycle Test Bank and Assessment

This test bank and assessment is covering Review of the Accounting Cycle Topic which is covered by Intermediate Accounting Module Students. With the help of this test bank set you will be able to assess your students on this topic. Review of the Accounting Cycle Test Bank Set containing different types of questions such as:

• Multiple Choice questions;
• True/Falls questions;
• Open-ended questions;

Review of the Accounting Cycle Test Bank will help you to assess following learning objectives of the students:
• Describe the accounting cycle.
• Explain transaction analysis, including the use of the accounting equation.
• Illustrate journalizing transactions, including determining whether to debit or credit accounts.
• Explain the importance of and show how to post journal entries to the general ledger.
• Explain the importance of and illustrate the preparation of an unadjusted trial balance.
• Discuss the need for adjusting journal entries and explain deferrals and accruals.
• Explain the use of and illustrate the preparation of an adjusted trial balance.
• Describe the preparation of the financial statements from the adjusted trial balance.
• Explain the difference between permanent and temporary accounts and demonstrate the process of closing temporary accounts.
• Explain the importance of and illustrate the preparation of a post-closing trial balance.

Review of the Accounting Cycle Test Bank and Assessment Set contains 189 questions which will fully cover assessment process on this topic and will make your life easier. All answers to all questions are included which will make checking process faster.
Test bank for Review of the Accounting Cycle is in the WORD format which will let you make any adjustments if required.

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