Accounting 100Lesson 16 of 1612 min

Level 100 โ€” Cumulative Quiz

Fifteen scenario-based questions covering every ACC 100 topic: the accounting equation, all four financial statements, GAAP, debits and credits, and accrual accounting. A score of 12/15 or above indicates solid foundation-level mastery.

This is the comprehensive assessment for Accounting 100. It covers all topics from the previous 15 lessons. A score of 8/10 or above indicates solid foundation-level mastery.

Question 1 of 150 answered

Piper describes accounting as 'tracking a business's _____ and _____ as well as its _____ and _____.' Which option correctly fills in the blanks?

Aassets and debts as well as income and cash flow
Bincome and expenses as well as assets and debts
Crevenue and profit as well as accounts payable and receivable
Dequity and liabilities as well as revenue and retained earnings