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Basic Financial Statements

Rating: 3 stars
Used in Course: Not used in course
Submitted by: Abbie Gail Parham (Faculty), Apr 14, 2011

I think this would be a great review tool for students.  Two comments on the self study quizzes

(1) We teach that debits are recorded first, followed by credits.  Multiple choice quiz answers include the credit portion followed by the debit. 

(2) Materials purchased for use in production are not debited to materials expense but to material inventory.  This concept may not have been covered yet but the inforamtion is incorrect.


Technical Remarks:

Easy to use.  No specifc technical skills needed.

Time spent reviewing site: 20 minutes