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FAACT (4) - Financial Statement Account Categories

Total questions: 25

Worksheet time: 3mins

Name
Class
Date
1.

ACCOUNTS PAYABLE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

2.

ACCOUNT RECEIVABLE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

3.

CASH account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

4.

DIVIDENDS account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

5.

FEES EARNED account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

6.

SUPPLIES account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

7.

UNEARNED RENT account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

8.

MISCELLANEOUS EXPENSE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

9.

RENT REVENUE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

10.

WAGES EXPENSE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

11.

LAND account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

12.

WAGES PAYABLE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

13.

SUPPLIES EXPENSE account flows to which financial statement from Adjusted Trial Balance?

a)

income statement

b)

retained earnings statement

c)

balance sheet

14.

ACCOUNTS RECEIVABLE account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

15.

EQUIPMENT account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

16.

FEES EARNED account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

17.

UNEARNED MAGAZINE SUBSCRIPTIONS account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

18.

INSURANCE EXPENSE account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

19.

COMMON STOCK account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

20.

PREPAID ADVERTISING account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

21.

DELIVERY TRUCK account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

22.

SALARY EXPENSE account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

23.

PREPAID RENT account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

24.

NOTES PAYABLE account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense

25.

SUPPLIES EXPENSE account balance appears in which section of the Adjusted Trial Balance?

a)

asset

b)

liability

c)

revenue

d)

equity

e)

expense