1. Ask to select proper order of steps in the accounting cycle
2. Select the purpose of the ledger (definition of a ledger)
3. Definition of the that we prepare in the accounting cycle
4. Whats the primary purpose of the trial balance?
5. When expenses are recognized
6. When is revenue recognized?
7. Select the definition of accrual accounting
8. Ask to recognize the item that is not an adjusting entry
9. Determine what happens if you dont make a particular adjusting entry

10. Have to make an adjusting entry

Answer as many as you can please