Elements of accounting reports
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Elements of accounting reports
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Business
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University
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25 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Assets is _______________.
including three main elements!
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
liability is a ___________.
including the three elements
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Revenues are increases in assets or decreases in liabilities that result in ______ in
owner’s equity, other than those relating to contributions from the owner.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Expenses are ________ or increases in liabilities that result in decreases in owner’s equity, other than those relating to distributions to the owner.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts payable is ...
Assets
Liabilities
Owner's Equity
Revenue
Expenses
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
bank is ...
Assets
Liabilities
Owner's Equity
Revenue
Expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Accounts receivable is ...
Assets
Liabilities
Owner's Equity
Revenue
Expenses
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