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WorksheetsAccounting Terms
Total questions: 10
Worksheet time: 8mins
Name
Class
Date
1.
In the following 10 questions, choose the option where you would slot the following financial items in................
Trading Stock
Trading Stock
a)
Asset
b)
Inventory
c)
Income
d)
Current Asset
2.
Bed Debts Recovered
a)
Other Operating Income
b)
Gross Profit
c)
Operating Expense
d)
Interest Income
3.
Prepaid Expenses
a)
Current Asset
b)
Trade and Other Receivables
c)
Debtors Control
d)
Trade and Other Payables
4.
Trading Stock Deficit
a)
Inventory
b)
Current Liabilities
c)
Current Assets
d)
Operating Expenses
5.
Current Portion of Loan
a)
Trade and other Receivables
b)
Operating Expenses
c)
Trade and Other Payables
d)
Cash and Cash Equivalents
6.
Capital
a)
Non Current Liabilities
b)
Owners Equity
c)
Capital Withdrawals
d)
Net Profit
7.
Bank Overdraft
a)
Cash and Cash Equivalents
b)
Trade and Other Payables
c)
Non current Liabilities
d)
Current Liabilities
8.
Income Received in Advance
a)
Trade and Other Receivables
b)
Current Assets
c)
Other Operating Income
d)
Trade and Other Payables
9.
Advertising
a)
Owners Equity
b)
Other Operating Income
c)
Operating Expenses
d)
Current Liabilities
10.
Consumable Stores
a)
Inventory
b)
Current Asset
c)
Owners Equity
d)
Operating Expenses
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