Account classification

Account classification

11th Grade

45 Qs

quiz-placeholder

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Account classification

Account classification

Assessment

Quiz

Specialty

11th Grade

Practice Problem

Medium

Created by

Karen Schultz

Used 7+ times

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45 questions

Show all answers

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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