Accounting Concepts Quiz
Authored by Tricia Mae Sonza
Financial Education
11th Grade
Used 2+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
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
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
