PRETEST
Authored by CATHRINE PIELAGO
Business
12th Grade
Used 42+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are economic resources owned by the business like cash, accounts receivables, supplies, equipment or furniture.
Assets
Accounting equation
Equation
Capital
Liabilities
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are debts or obligations of the business to a party other than its owner which is also called the accounts payable.
Assets
Accounting equation
Liabilities
Capital
Equation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It represents the owner's equity or investment in the business.
Capital
Assets
Liabilities
Equation
Accounting equation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This comes from the word equal. It is a state of being essentially equal or equivalent.
Capital
Equation
Assets
Accounting equation
Liabilities
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is the basis upon which the double entry accounting system is constructed. It is: Asset = Liabilities + Capital.
Capital
Equation
Assets
Accounting equation
Liabilities
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
