Chart of Accounts

Determine the Major Account of the account title below:

Supplies

• Liability

• Equity

• Asset

• Revenue

Determine the Major Account of the account title below:

Utilities Expense

• Assets

• Liabilities

• Expenses

• Revenue

Determine the Major Account of the account title below:

Land

• Liability

• Expense

• Asset

• Equity

Determine the Major Account of the account title below:

Cash

• Liability

• Equity

• Asset

• Revenue

Determine the Major Account of the account title below:

Rent Expense

• Assets

• Liabilities

• Expenses

• Revenue

Determine the Major Account of the account title below: Interest Income

• Expense

• Asset

• Revenue

• Liability

Determine the Major Account of the account title below:
Unearned Revenue

• Asset

• Liability

• Equity

• Revenue

Determine the Major Account of the account title below:
Salaries Expense

• Assets

• Liabilities

• Expenses

• Revenue

Determine the Major Account of the account title below:

Service Revenue

• Expense

• Asset

• Revenue

• Liability

What are the components of the Chart of Accounts?

• Assets, Liabilities, Equity, Revenue, Drawings, Expenses

• Assets, Liabilities, Revenue, Dividends

• Assets, Liabilities, Equity, Income, Expenses

• Assets, Liabilities, Equity, Revenue, Withdrawals, Costs