Account Types

Account Types

Assets, Liabilities,Expenses and Revenues.

Following all instructions

1.Read the slides on assets, liabilities, expenses, revenues and drawings.

2. A quiz will follow

Multiple Choice

Land

• Asset

• Expense

• Drawings

• Revenue

Multiple Choice

Bank Overdraft

• Asset

• Liability

• Drawings

• Revenue

Multiple Choice

Rent

• Asset

• Liability

• Expense

• Revenue

Multiple Choice

Equipment

• Asset

• Expense

• Liability

• Revenue

Multiple Choice

Cash in hand

• Asset

• Expense

• Liability

• Revenue

Multiple Choice

Debtors

• Revenue

• Expense

• Asset

• Drawings

Multiple Choice

Creditors

• Asset

• Liability

• Expense

• Revenue

Multiple Choice

Rent received

• Asset

• Liability

• Expense

• Revenue

Multiple Choice

Motor Van

• Asset

• Liability

• Expense

• Revenue

Multiple Choice

Loans

• Asset

• Liability

• Expense

• Revenue

Multiple Choice

Owner takes cash for personal use.

• Asset

• Liability

• Revenue

• Drawings

Multiple Choice

Salaries

• Assets

• Liability

• Expense

• Revenue

Multiple Choice

Discount Received

• Asset

• Liability

• Revenue

• Expense

Multiple Choice

Discount Allowed

• Asset

• Liability

• Expense

• Revenue