Classification of Accounts
8th Grade
•18 Qs
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Classification of Accounts
Quiz
•
Business
•
8th Grade
•
Medium
Tertia Coffee
Used 16+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Capital is a ______ account
Asset
Owner's Equity
Income
Expense
Liability
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Bank is a/an ______ account
Asset
Owner's Equity
Income
Expense
Liability
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Equipment is a/an ______ account
Asset
Owner's Equity
Income
Expense
Liability
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Rent Expense is a/an ______ account
Asset
Owner's Equity
Income
Expense
Liability
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Current Income is a/an ______ account
Asset
Owner's Equity
Income
Expense
Liability
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Drawings is a/an ______ account
Asset
Owner's Equity
Income
Expense
Liability
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Loan is a/an ______ account
Asset
Owner's Equity
Income
Expense
Liability
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