Classify the ledger accounts
Authored by Boon Dennesa
Other
Professional Development
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14 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Sales revenue is a/an ____________.
Expense
Income
Asset
Liability
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Salaries expense is a/an ___________.
Expense
Income
Asset
Liability
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Fixtures and fittings is a/an ___________.
Non-current asset
Current asset
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost of sales is a/an _______________.
Income
Asset
Expense
Liability
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Premises is a/an _________________.
Income
Expense
Liability
Asset
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Inventory is a/an _________.
Capital
Expense
Current asset
Non-current asset
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash at bank (overdraft) is a/an ________________.
Non-current asset
Current asset
Non-current liability
Current liability
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