Accounting Accounts
Quiz
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
Johanna Cromeans
Used 3+ times
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29 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mike Adams, Drawing
No Account
Cost of Merchandise
Liability
Owner's Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Amount owed to the state for sales tax collected
Asset
Cost of Merchandise
Liability
Owner's Equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Merchandise Inventory
Asset
Cost of Merchandise
Expense
Owner's Equity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Net Worth of the business
Asset
Liability
Expense
Owner's Equity
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Petty Cash
Asset
Liability
Expense
Revenue
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales
Asset
Liability
Expense
Revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Purchases
Cost of Merchandise
Liability
Expense
Revenue
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