Types of Accounts in Accounting

Types of Accounts in Accounting

Assessment

Flashcard

Business

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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7 questions

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1.

FLASHCARD QUESTION

Front

Which type of account is cash?

Back

Asset

2.

FLASHCARD QUESTION

Front

Which type of account is accounts payable?

Back

Liability

3.

FLASHCARD QUESTION

Front

Which Type of Account is Owners Drawing?

Back

Owners Equity

4.

FLASHCARD QUESTION

Front

Which type of account is Supplies?

Back

Asset

5.

FLASHCARD QUESTION

Front

Which type of account is Prepaid Insurance?

Back

Asset

6.

FLASHCARD QUESTION

Front

What is the Accounting Equation?

Back

Assets = Liabilities + Owners Equity

7.

FLASHCARD QUESTION

Front

Which type of account is Accounts Receivable?

Back

Asset

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