Accounts Quiz 3

1. The process of communicating financial information to people outside of an organization.
2. The expanded accounting equation includes revenues, expenses, common stock, dividends, paid in capital, and ________.
3. Resource accounts with the same balance as expenses.
4. A formula used to compute and balance double entry accounting.
5. Unearned revenues are what type of account?
6. Paid in capital is what type of account?
7. What do journal entries record?
8. The concept that debits will always equal credits.
9. A record or document that contains account summaries for accounts used by a company.
10. An account with an opposite balance.

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