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CCNA1 v3 Module 1
Course
Chapter 1-4,6-8
JEOPARDY
K. Martin
CCNA1 v3 Module 1
RouterRouterModesModes
WANWANEncapsulationEncapsulation
WANWANServicesServices
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RouterRouterModesModes
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Chapter 1-2Chapter 1-2 Chapter 3-4Chapter 3-4 Chapter 6Chapter 6 Chapter 7Chapter 7 Chapter 8Chapter 8 RandomRandom
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► ► ► F i n a l J e o p a r d y ◄ ◄ ◄
CCNA1 v3 Module 1
Question
What is the accounting equation?
Chapter 1-2100
A: What is Assets + Liabilities = Owner’s Equity?
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CCNA1 v3 Module 1
QuestionA: What is to analyze transactions?
What is a T-Account used for?
CCNA1 v3 Module 1
Chapter 1-2 200
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CCNA1 v3 Module 1
Question
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A: What is a DR: John White, Drawing and CR: Cash?
The transaction wrote check to John White, Owner, for personal use, would result in which journal entry?
CCNA1 v3 Module 1
Chapter 1-2 300
CCNA1 v3 Module 1
Question
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A: What is Income Statement – Profit? And Balance Sheet = Valuable??
What are the two financial statements and what do they say?
CCNA1 v3 Module 1
Chapter 1-2 400
CCNA1 v3 Module 1
Question
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A: What is a Cash, Drawing, Expenses, Supplies, AR, Prepaid Insurance?
List 4 examples of accounts that have a normal debit balance.
Chapter 1-2500
CCNA1 v3 Module 1
Question
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A: What is a collection of accounts?
What is a general ledger.
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CCNA1 v3 Module 1
Question
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A: What is a Receipt
A business form giving written acknowledgement for cash received is called.
Chapter 3-4 200
CCNA1 v3 Module 1
Question
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A: What is Posting?
Chapter 3-4 300
Transferring information from a journal entry to a ledger account.
CCNA1 v3 Module 1
Question
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A: What is an Invoice?
What source document is used when buying something on account?
Chapter 3-4 400
CCNA1 v3 Module 1
Question
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A: What is recording transactions into a journal?
Chapter 3-4 500
What is journalizing?
CCNA1 v3 Module 1
Question
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A: What is Consistent Reporting?
Same accounting procedures are followed
in the same way each accounting period.
Chapter 6100
CCNA1 v3 Module 1
Question
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A: What is the length of time for which a business summarizes and reports financial information?
Define Fiscal Period.
Chapter 6 200
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Question
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A: What is Accounting Period Cycle?
Accounting information is reported in a cycle.
Chapter 6 300
CCNA1 v3 Module 1
Question
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A: What is Work Sheet?
“Scratch paper” used to create financial statements.
Chapter 6 400
CCNA1 v3 Module 1
Question
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A: What is a Draw a line through the incorrect amount, write the correct amount above and recalculate the balance?
Procedure for correcting an incorrect amount.
Chapter 6 500
CCNA1 v3 Module 1
Question
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A: What is the expectation that the business will operate indefinitely?
Define Going Concern.
Chapter 7100
CCNA1 v3 Module 1
Question
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A: What is Divide the amount of the component by the total amount of sales?
Procedure to calculate component percentage.
Chapter 7 200
CCNA1 v3 Module 1
Question
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A: What is a Adjusting Entries?
Journal entries used to update general ledger accounts.
Chapter 7 300
CCNA1 v3 Module 1
Question
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A: What is information about elements of the accounting equation?
What information does a balance sheet report?
Chapter 7 400
CCNA1 v3 Module 1
Question
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A: What are Name of Company, Name of Report, and Date of Report?
Components of a balance sheet heading.
Chapter 7 500
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Question
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A: What are Temporary Accounts?
Accounts that are closed at the end of each fiscal period.
Chapter 8100
CCNA1 v3 Module 1
Question
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A: What are Permanent Accounts?
Accounts used to accumulate information across multiple fiscal periods.
Chapter 8 200
CCNA1 v3 Module 1
Question
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A: What are Adjusting Entries?
Journal entries recorded to update general ledger accounts.
Chapter 8 300
CCNA1 v3 Module 1
Question
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A: What are Closing Entries?
Journal entries used to prepare temporary accounts for a new fiscal period.
Chapter 8 400
CCNA1 v3 Module 1
Question
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A: What is to summarize the closing entries for the revenue and expense accounts?
What is the purpose of the income summary.
Chapter 8 500
CCNA1 v3 Module 1
Question
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A: What is a Debit?
What is the normal balance of an expense.
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CCNA1 v3 Module 1
Question
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A: What is No Normal Balance?
What is the normal balance of the income summary.
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CCNA1 v3 Module 1
Question
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A: What is the Work Sheet?
Where does the information needed to prepare an Income Statement come from.
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CCNA1 v3 Module 1
Question
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A: What is Adequate Disclosure?
What is the concept when financial statements contain all information necessary to understand a business’s financial condition?
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CCNA1 v3 Module 1
Question
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A: What is Double-Entry Accounting?
Recording debit and credit parts of a transaction.
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CCNA1 v3 Module 1
Question
What is collect and verify source documents, analyze transactions, journalize, post to general ledger, prepare trial balance, prepare worksheet, prepare financial statements, adjusting entries, closing entries and prepare post-closing trial balance?
List the 10 accounting equation steps
Final Jeopardy
CCNA1 v3 Module 1
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