ACCOUNTING-Ch. 1

ACCOUNTING-Ch. 1

9th - 12th Grade

28 Qs

quiz-placeholder

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ACCOUNTING-Ch. 1

ACCOUNTING-Ch. 1

Assessment

Quiz

9th - 12th Grade

Medium

Created by

Taryn Grigas

Used 158+ times

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28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CASH IS:

An Asset
A Liability 
Owner's Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ACCOUNTS RECEIVABLE IS:

An Asset
A Liability
Owner's Equity 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many accounts are affected when a transaction is made?

One
Two
Three

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SUPPLIES ARE:

ASSETS
LIABILITIES
CAPITAL

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

PREPAID INSURANCE IS:

ASSET
LIABILITY
CAPITAL

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ACCOUNTS PAYABLE IS:

AN ASSET
A LIABILITY
OWNER'S EQUITY

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

CAPITAL IS:

AN ASSET
A LIABILITY
OWNER'S EQUITY

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