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Elements of accounting reports

Authored by yi yang

Business

University

Used 8+ times

Elements of accounting reports
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25 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Assets is (a)   .

including three main elements!

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

liability is a (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 (a)   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 (a)   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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