Definitions Quiz

Please wait until after we have fully completed the classes on Chapter 2 before you take this quiz.

Quiz Format

There are 20 terms that you will be asked to match to the proper definition.  Plus 5 accounts names (such as cash, accounts receivable, accounts payable, revenue, etc.) where you will be asked to state the normal balance (debit or credit) and which financial statement is associated with the account -  for example cash has a normal debit balance and is shown on the balance sheet.

You have TWO attempts. Webcourses will record your highest score.

Quiz Information:

This definition quiz will cover the foundational accounting terms from Block 1 (Chapters 1-3) that we will be building upon for the remainder of the semester, therefore, it is very important that you have a firm understanding of these terms to aid in your success for this semester.  The Block 1 Definitions are also contained in the glossary of your textbook. 

I recommend you wait until after we have started chapter 3 to attempt the definitions quiz, since some of the definition will not be covered until that point. There are flash cards that you can use in Materia to help remember these terms. Additionally, these terms make up approximately 35% of the first exam, so your understanding of them now will also give you a head start on studying for the first exam.

Select the links below for practice flashcards in Materia:

• Block 1 Definition Flash Cards - Part 1
• Block 1 Definitions (Accounts, Financial Statement, and Normal Balance) - Part 2