charts of accounts
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1st - 5th Grade
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13 questions
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1.
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1 min • 1 pt
cash
2.
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1 min • 1 pt
accounts receivable
3.
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1 min • 1 pt
allowance for bad debts
4.
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1 min • 1 pt
notes receivable
5.
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1 min • 1 pt
inventory
Answer explanation
Inventory: Goods held for sale in the ordinary course of business.
Supplies: Goods used in the operation of a business, not for resale.
6.
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1 min • 1 pt
supplies
Answer explanation
Inventory: Goods held for sale in the ordinary course of business.
Supplies: Goods used in the operation of a business, not for resale.
7.
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1 min • 1 pt
prepaid rent
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