Quiz 1 - Knowing Your Elements

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Quiz 1 - Knowing Your Elements

Quiz

•

Business

•

8th Grade

•

Easy

Tuan Ang

Used 2+ times

FREE Resource

28 questions

Show all answers

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"Sales revenue" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Sales returns" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Commission income" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Discount received" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Discount allowed" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Cost of sales" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Depreciation" belongs to ___________ element.

Asset

Liability

Equity

Income

Expense

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