Free Printable Accounting Baseline Gr8

Free Printable Worksheets

Worksheets

Accounting Baseline Gr8

Total questions: 20

Worksheet time: 10mins

Name

Class

Date

1.

Stationery is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

2.

Wages is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

3.

Telephone account is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

4.

Water and electricity account is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

5.

Advertising is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

6.

Insurance is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

7.

Interest on loan is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

8.

Rent expense is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

9.

Rent income is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

10.

Interest income is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

11.

Commission received is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

12.

Cash received for services rented is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

13.

A vehicle is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

14.

Equipment is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

15.

Land and buildings is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

16.

Bank is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

17.

Petty cash is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

18.

Cash float is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

19.

A loan is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

20.

A negative bank account is an/a

a)

Expense

b)

Asset

c)

Income

d)

Liability

100 %

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