
EMS - Accounting concepts
Quiz
•
Life Skills
•
4th Grade
•
Medium
K9 Phillips
Used 21+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Select a Fixed asset
Vehicle
Money in the bank
petty cash
cash float
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets are divide into which two categories
Fixed and current assets
Fixed and non current assets
Current assets and variable assets
Current assets
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets are best described as
possession of the business
debt of the business
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income from a job
salary
interest
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
income from the bank for money invested
interest
wage
salary
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Land and buildings is an example of a
asset
current asset
fixed asset
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debt that a business or individual has to pay
asset
capital
income
liability
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