NAME IT!

NAME IT!

12th Grade

10 Qs

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NAME IT!

NAME IT!

Assessment

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12th Grade

Medium

Created by

VERONICA SANTIAGO

Used 17+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

debts owed by the business

assets

liabilities

capital

revenue

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Owned by the business.

asset

liabilities

capital

revenue

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Accounting Equation

assets = liability + revenue

assets + liabilities = capital

assets = liabilities +capital

asset-revenue = capital

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is a current asset?

land

building

automobile

cash

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Statement of Financial Position is also known as

Income Statement

Balance Sheet

Trial Balance

Adjusting Entries

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Refers to the investments of the business.

assets

liabilities

capital

revenue

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Cash on Hand

current asset

noncurrent asset

current liability

noncurrent liability

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