
Accounting
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Sherica Simmonds
Used 9+ times
FREE Resource
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35 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following item is not an asset.
Cash at Bank
Motor Vehicle
Stationery
Inventories
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Bank Loan is classified as a:
Revenue
Expense
Asset
Liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items would not fall under the definition of an asset ?
Creditors
Debtors
Cash
Machinery
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount spent in order to produce and sell the goods and services which generates income is termed as
Revenue
Loss
Expenses
Liabilities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The person who owes money to the firm is called a
creditor
lender
bank
debtor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An Enterprise to whom an entity owe, an amount for buying goods and services on credit is called
Creditor
Debtor
Lender
Bad debt
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are goods?
Machines manufactured for sale.
Furniture purchase for sale
Books and stationery purchase by a bool seller
All the above.
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