FABM1-Q4q1

FABM1-Q4q1

11th Grade

20 Qs

quiz-placeholder

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FABM1-Q4q1

FABM1-Q4q1

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Esmeralda Via

Used 38+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Collectible amounts from customers arising from sale of goods or services on account.

Notes Receivable

Accounts Receivable

Allowance for Bad Debts

Land

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An interest to be collected on promissory notes received.

Accumulated Depreciation

Furniture and fixtures

Building

Interest Receivable

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that are paid in advance, but not yet incurred or have not yet expired

Prepaid Expenses

Accumulated Depreciation

Cash

Accounts Payable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Facilities used in business operations such as delivery trucks, machines, air-conditioner, computers, filing cabinets, electric fans, etc.

Equipment

Land

Building

Utilities Payable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A structure to be used for factory, store, warehouse or office of an enterprise to conduct business operations.

Land

Building

Equipment

furniture and fixtures

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A piece of lot or real estate owned by the company in which a building can be constructed for business purposes.

Building

Land

Equipment

Furniture and Fixtures

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This includes cash on hand, cash in bank and cash fund. Includes money substitutes (postal money money orders, bank drafts and treasury warrants)

Notes Receivable

Accounts Receivable

Cash

Taxes and Licenses

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