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Accounting elements

Total questions: 30

Worksheet time: 15mins

Name
Class
Date
1.

Trade payable is an example of ______________________________.

a)

Assets

b)

Liabilities

c)

Income

d)

Expenses

e)

Equity

2.

Trade receivable is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

3.

Other payable is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

4.

Advertising is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

5.

Sales revenue is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

6.

Cost of sales is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

7.

Salaries and wages is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

8.

Cash at bank is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

9.

Repairs of vehicles is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

10.

Bank overdraft is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

11.

Other receivable is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

12.

Utilities is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

13.

Insurance is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

14.

Rent income is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

15.

Commission income is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

16.

Drawings is part of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

17.

Land and building is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

18.

Bank loan is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

19.

Mortgage loan is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

20.

Motor vehicle is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

21.

Property is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

22.

Machinery is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

23.

Fixture and fitting is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

24.

Plant and equipment is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

25.

Office equipment is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

26.

Land is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

27.

Building is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

28.

Inventory is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

29.

Cash in hand is an example of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

30.

Capital is part of ________________________________.

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

e)

Equity

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