Account classification
Authored by Karen Schultz
Specialty
11th Grade
Used 7+ times
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45 questions
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1.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Sales
Revenue
Expense
Asset
Liability
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Sales returns
Revenue
Contra revenue ("negative" revenue)
Owner's equity
Asset
3.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Cost of goods sold
Revenue
Expense
Asset
Liability
4.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Inventory adjustment
Revenue
Expense
Asset
Liability
5.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Depreciation
Revenue
Expense
Asset
Liability
6.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Advertising
Revenue
Expense
Asset
Liability
7.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
Freight outwards
Revenue
Expense
Asset
Liability
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