"Sales revenue" belongs to ___________ element.
Quiz 1 - Knowing Your Elements
8th Grade
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Quiz 1 - Knowing Your Elements
Quiz
•
Tuan Ang
•
Business
•
8th Grade
•
2 plays
•
Easy
28 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Asset
Liability
Equity
Income
Expense
2.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Sales returns" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
3.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Commission income" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
4.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Discount received" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
5.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Discount allowed" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
6.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Cost of sales" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
7.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Depreciation" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
8.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Interest expense" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
9.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Impairment loss on inventory" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
10.
MULTIPLE CHOICE QUESTION
5 sec • 1 pt
"Impairment loss on trade receivables" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense
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