Free Printable FNSACC311 Chapter 2 - Chart of Accounts

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Worksheets

FNSACC311 Chapter 2 - Chart of Accounts

Total questions: 12

Worksheet time: 12mins

Name

Class

Date

1.

What type of account is -

Accounts Payable

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

2.

What type of account is -

Accounts Receivable

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

3.

What type of account is -

Bank Loan

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

4.

What type of account is -

Capital Contributed

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

5.

What type of account is -

Drawings

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

6.

What type of account is -

Electricity

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

7.

What type of account is -

GST Collected

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

8.

What type of account is -

GST Paid (Input Tax Credits)

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

9.

What type of account is -

Interest Received

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

10.

What type of account is -

Motor Vehicle Running Costs

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

11.

What type of account is -

Salaries & Wages

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

12.

What type of account is -

Sales

a)

Asset

b)

Liability

c)

Income

d)

Expense

e)

Owners Equity

Reset

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