Accounting Concepts Quiz
11th Grade
•20 Qs
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Accounting Concepts Quiz
Quiz
•
Financial Education
•
11th Grade
•
Hard
Tricia Mae Sonza
Used 2+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Equipment classified as?
Asset
Liability
Owner's Equity
Income
Expense
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are Prepaid Expenses classified as?
Asset
Liability
Owner's Equity
Income
Expense
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Unearned Income classified as?
Asset
Liability
Owner's Equity
Income
Expense
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are Service Fees classified as?
Asset
Liability
Owner's Equity
Income
Expense
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What are Drawings classified as?
Asset
Liability
Owner's Equity
Income
Expense
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Supplies Expense classified as?
Asset
Liability
Owner's Equity
Income
Expense
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is Freight Out classified as?
Asset
Liability
Owner's Equity
Income
Expense
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