EMS - Accounting concepts

EMS - Accounting concepts

4th Grade

12 Qs

quiz-placeholder

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EMS - Accounting concepts

EMS - Accounting concepts

Assessment

Quiz

Life Skills

4th Grade

Medium

Created by

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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