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TT1 IGCSE Accounting - Classification of accounts

Total questions: 20

Worksheet time: 2mins

Name
Class
Date
1.

Land and buildings

a)

Assets

b)

Owner's equity

c)

Liabilities

2.

Loan from bank

a)

Assets

b)

Owner's equity

c)

Liabilities

3.

Drawings

a)

Assets

b)

Owner's equity

c)

Liabilities

4.

Trade receivables

a)

Assets

b)

Owner's equity

c)

Liabilities

5.

Rent received

a)

Assets

b)

Owner's equity

c)

Liabilities

6.

Equipment

a)

Assets

b)

Owner's equity

c)

Liabilities

7.

Trade payabbles

a)

Assets

b)

Owner's equity

c)

Liabilities

8.

Sales

a)

Assets

b)

Owner's equity

c)

Liabilities

9.

Bank

a)

Assets

b)

Owner's equity

c)

Liabilites

10.

Drawings

a)

Assets

b)

Owner's equity

c)

Liabilities

11.

Wages

a)

Assets

b)

Owner's equity

c)

Liabilities

12.

Rent paid

a)

Assets

b)

Owner's equity

c)

Liabilities

13.

Purchases

a)

Assets

b)

Owner's equity

c)

Liabilities

14.

Fixture and fittings

a)

Assets

b)

Owner;s equity

c)

Liabilities

15.

Salaries

a)

Assets

b)

Owner's equity

c)

Liabilities

16.

Cash

a)

Assets

b)

Owner's equity

c)

Liabilities

17.

Inventory

a)

Assets

b)

Owner's equity

c)

Liabilities

18.

Bank overdraft

a)

Assets

b)

Owner's equity

c)

Liabilities

19.

Commission received

a)

Assets

b)

Owner's equity

c)

Liabilities

20.

Insurance paid

a)

Assets

b)

Owner's equity

c)

Liabilities