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Accounting Assets Quiz

Authored by Yesnia Nourma Permatasari

English

2nd Grade

Used 1+ times

Accounting Assets Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is defined as money held by the company?

Short-term Loans

Accounts Receivable

Inventory

Cash

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to money expected to be received from customers for credit sales?

Accounts Receivable

Rent Expense

Service Revenue

Owner's Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for loans that need to be repaid within one year?

Sales Revenue

Short-term Loans

Accounts Payable

Long-term Debt

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which category includes net income kept in the company for future use?

Revenue

Expenses

Equity

Liabilities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for money earned from selling products?

Salaries Expense

Sales Revenue

Service Revenue

Cost of Goods Sold

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term refers to wages paid to employees?

Rent Expense

Beban Gaji

Cost of Goods Sold

Salaries Expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is defined as the cost of leasing office or facility space?

Inventory

Long-term Debt

Accounts Payable

Rent Expense

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