Basics of Accounting

Basics of Accounting

University

10 Qs

quiz-placeholder

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Basics of Accounting

Basics of Accounting

Assessment

Quiz

Business

University

Practice Problem

Hard

Created by

Madhur Sharma

Used 54+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify the type of the Asset - Plant and Machinery

Fixed Asset

Current Asset

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify the type of liability - Raw material purchased on credit from supplier

Current Liability

Non-Current Liability

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Goodwill is

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Identify the type of asset - Copyrights

Current Assets

Fixed Assets

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Loan given to an employee

Asset

Liability

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Loan taken from bank

Asset

Liability

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Trademarks are

Fixed Assets

Current Assets

Intangible assets

Tangible Assets

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