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Business Basics -POA Chapter

Authored by Lorna Graham-Sterling

Business

9th - 11th Grade

Used 2+ times

Business Basics -POA Chapter
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38 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Debit means left

True
False

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

To increase an asset you would use a 

debit
credit

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

To increase a liability you would use a 

debit
credit

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which category does Cash at bank belongs to?

Non-current asset

Current asset

Non-current liability

Current liability

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which category does Office equipment belongs to?

Non-current asset

Current asset

Non-current liability

Current liability

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which category does Trade payable belongs to?

Non-current asset

Current asset

Non-current liability

Current liability

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which category does Trade receivable belongs to?

Non-current asset

Current asset

Non-current liability

Current liability

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