Principles of Accounts Evaluation
Authored by Crystal Ramcharan
Other
4th - 5th Grade
Used 94+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Owner's Equity can also be called Capital
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Someone who owes the business money because of a credit sale is called
Accounts Receivable
Accounts Payable
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
A mortgage loan is an example of
Owner's Equity
Assets
Liabilities
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Cash is classified as a(n)
Assets
Liabilities
Owner's Equity
5.
FILL IN THE BLANKS QUESTION
1 min • 2 pts
What are the two main types of assets?
(a)
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
prepaid expenses are classified as:
Assets
Liabilities
Owner's Equity
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Is long-term Liabilities another term for Non-Current Liabilities
TRUE
FALSE
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