Account Classifications and Examples

Account Classifications and Examples

Assessment

Flashcard

Business

10th Grade

Practice Problem

Hard

Created by

Shane BURNETT

FREE Resource

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20 questions

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1.

FLASHCARD QUESTION

Front

Income earned by a business. Examples include sales, interest revenue, and rent revenue.

Back

Account Classification: Revenue

2.

FLASHCARD QUESTION

Front

Costs incurred by a business. Examples include electricity, rent, wages, and telephone.

Back

Account Classification: Expenses

3.

FLASHCARD QUESTION

Front

Sales, interest revenue, rent revenue.

Back

Examples of Revenue

4.

FLASHCARD QUESTION

Front

Refers to the income earned by a business.

Back

Revenue in Business

5.

FLASHCARD QUESTION

Front

Selling shoes

Back

Example of Sales Revenue

6.

FLASHCARD QUESTION

Front

Revenue from bank savings

Back

Definition of Interest Revenue

7.

FLASHCARD QUESTION

Front

Costs incurred by the business

Back

Expense

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