AAT L2 Account Categories

What is the name of the youngest child of Marge Simpson?

• Homer

• Maggie

• Bart

• Lisa

What is the proper name of the Spaghetti Junction in Birmingham?

• Gravelly Hill Interchange

• Erdington Flyover

• Aston Villa Bypass

• Witton Walk

What type of account would be used for Rent Paid?

• Asset

• Expense

• Liability

• Income

What type of account would be used for Office Equipment?

• Asset

• Expenses

• Liability

• Income

What type of account would be used for money owed to a supplier?

• Asset

• Liability

• Income

• Expense

What type of account would be used for money received for renting a part of your office building?

• Asset

• Expense

• Income

• Liability

What type of account would be used to record sales?

• Asset

• Expense

• Liability

• Income

What type of account would you use for a bank loan?

• Asset

• Expense

• Liability

• Income

What type of account would be used for wages?

• Asset

• Expense

• Income

• Liability

What type of account would be used for owning a motor vehicle?

• Asset

• Expense

• Liability

• Income