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Challenge your memory

Authored by NUR-ADIBAH RAIHAN AFFENDY

Mathematics, English, Business

3rd Grade

Used 4+ times

Challenge your memory
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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which one is true about basic accounting equation?

Asset = Equity - Liability

Asset = Liability - Equity

Equity = Asset - Liability

Liability = Equity + Asset

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which statement define liability?

Property belong to company

Amount owe by company

Amount owe to company

Capital invested in the company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following belong to the category of current liability?

Bank

Fixed deposit

Trade receivable

Trade payable

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following account have a DR balance? (can tick more than one)

Bank overdraft

Trade receivable

Property, plant and equipment

Share capital

Prepaid expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • Ungraded

Accrued expenses have a CR balance and it falls under the category of current liability.

Yes

No

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