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Quiz 1 - Knowing Your Elements

Authored by Tuan Ang

Business

8th Grade

Used 2+ times

Quiz 1  - Knowing Your Elements
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28 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"Sales revenue" belongs to ___________ element.

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

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