Activity 1
Quiz
•
Education
•
11th Grade
•
Practice Problem
•
Hard
D T
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Company’s obligations – amounts that a company owes
Liabilities
Assets
Owners Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the following account:
Loans
current assets (C.A)
current liabilities
(C.L)
long term liabilities
(LTL)
owner's equity
(O.E)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the following account:
Account Payable
current assets (C.A)
current liabilities
(C.L)
long term liabilities
(LTL)
owner's equity
(O.E)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the following account:
Supplies Expenses
current assets (C.A)
current liabilities
(C.L)
long term liabilities
(LTL)
owner's equity
(O.E)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the following account:
Rent received
current assets (C.A)
current liabilities
(C.L)
long term liabilities
(LTL)
owner's equity
(O.E)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the following account:
Unread Services Revenue
current assets (C.A)
current liabilities
(C.L)
long term liabilities
(LTL)
owner's equity
(O.E)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the following account:
Furniture
Plant(fixed) Assets
(F.A)
current liabilities
(C.L)
long term liabilities
(LTL)
owner's equity
(O.E)
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