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Account Classifications

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9th - 12th Grade

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Account Classifications
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12 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the classification of "cash?" 

Liability
Owner's Equity
Asset
Revenue

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the increase side of the owner's capital account?

Debit
Credit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the classification of Accounts Payable--Staples?

Asset
Liability
Owner's Equity
Expense

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the decrease side of Accounts Payable--Clark Company?

Debit
Credit

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the increase side of Accounts Receivable--Little Tykes Nursery?

Debit
Credit

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the classification of the owner's capital account?

Revenue
Expense
Owner's Equity
Asset

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the classification of the owner's drawing account?

Revenue
Expense
Owner's Equity
Liability

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