Accounting Equation

Accounting Equation

12th Grade

20 Qs

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Accounting Equation

Accounting Equation

Assessment

Quiz

Business

12th Grade

Practice Problem

Medium

Created by

Thomas Niksich

Used 119+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash is a ....

Asset

Liability

Equity

Expense

2.

DROPDOWN QUESTION

1 min • 1 pt

Accounts payable is a ​ (a)  

Liability
Owner Equity
Asset

3.

DRAG AND DROP QUESTION

1 min • 1 pt

In the Accounting Equation: What you​ (a)   is equal to what you ​ (b)  

Own
Owe
See
think

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

any "Payable" Account is

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

What a company owns is referred to Owners

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The money value of a property or of an interest in property in excess of any claims or liens (as mortgage indebtedness)

Equity

Depreciation

Income

Revenue

7.

DROPDOWN QUESTION

1 min • 1 pt

​ (a)   include loans, accounts payable, mortgages, deferred revenues, bonds, warranties, and accrued ...

Liability
Asset
Equity

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