Classification of Accounts

Classification of Accounts

University

20 Qs

quiz-placeholder

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Classification of Accounts

Classification of Accounts

Assessment

Quiz

Financial Education

University

Practice Problem

Medium

Created by

GEORGE PILAPIL

Used 4+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

SSS Contribution

Assets

Liability

Expense

Revenue

Owners’ Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Notes Payable

Assest

Liability

Owner's Equity

Expense

Revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash on hand

Asset

Liability

Owner's Equity

Expenses

Revenue

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prepaid Utilities

Asset

Liability

Expense

Revenue

Owner's Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Building

Asset

Liability

Owner's Equity

Expense

Revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Notes Payable

Asset

Liability

Owner's Equity

Expense

Revenue

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest Expense

Asset

Liability

Revenue

Expense

Owner's Equity

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