ACCOUNT AND TYPES

ACCOUNT AND TYPES

7th Grade

8 Qs

quiz-placeholder

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ACCOUNT AND TYPES

ACCOUNT AND TYPES

Assessment

Quiz

Other

7th Grade

Practice Problem

Hard

Created by

Liliney Villar

Used 3+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An account in accounting is .....

When you go to the bank and deposit money

a record of something we do

a record in the general ledger that is used to sort and store transactions.

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An example of account is ....

money account

computers account

check account

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If you purchase machinery using cash, what could be the accounts in the transaction?

cash and bank

cash and machinery

bank and machinery

none

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Sales goods on account. What are the accounts in the transactions?

Sales and account receivable

sales and account payables

Goods and cash

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

what are the types of accounts according to the traditional approach

real, personal and nominal accounts

real, personal and impersonal accounts

real, nominal and objective accounts

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Commission account is considered a

personal account

real account

nominal account

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Jhon's account and bank accounts are considered

personal accounts

real accounts

nominal accounts

8.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Chairs, Logos and stationery accounts are considered

personal accounts

real accounts

nominal accounts