Accounting Test_Online 2023

1. A motor vehicle is...

• Expense
• Current Asset
• Non-current Asset
• Income

2. Gas for your bike is...

• Asset
• Income
• Liability
• Expense

3. Profit is...

• Capital
• Income
• Expenses
• Asset

4. Rent received as payment is...

• Asset
• Liability
• Expenses
• Income

5. A mortgage you have to pay is...

• Income
• Liability
• Asset
• Expenses

6. Stock is...

• Current Asset
• Non-current Asset
• Liability
• Income

7. A meal at a restaurant is...

• Asset
• Expense
• Liability
• Income

8. "Net worth" is the same as...

• Liability
• Asset
• Expense
• Equity

9. Sales are ...

• Liabilities
• Incomes
• Expenditure
• Assets

10. Commission received is...

• Expense
• Liability
• Income
• Asset