Accounting 1 Chapter 21
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| accrued expenses | expenses incurred in one fiscal period but not paid until a later fiscal period
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| accrued interest expense | interest incurred but not yet paid
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| accrued interest income | interest earned but not yet received
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| accrued revenue | revenue earned in one fiscal period but not received until a later fiscal period
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| intellectual property | any product that is protected by patents, trademarks, and copyrights
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| reversing entry | an entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
mrs226
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