Free Printable Account Classification

Free Printable Worksheets

Worksheets

Account Classification

Total questions: 35

Worksheet time: 16mins

Name

Class

Date

1.

What is bank overdraft?

a)

Asset

b)

Liability

c)

Income

d)

Expense

2.

What is accounts receivable?

a)

Asset

b)

Liability

c)

Income

d)

Expense

3.

What is accounts payable?

a)

Asset

b)

Liability

c)

Income

d)

Expense

4.

What is petrol?

a)

Asset

b)

Liability

c)

Income

d)

Expense

5.

What is wages?

a)

Asset

b)

Liability

c)

Income

d)

Expense

6.

What is insurance?

a)

Asset

b)

Liability

c)

Income

d)

Expense

7.

What is interest on loan?

a)

Administrative expense

b)

Finance Cost

c)

Vehicle expenses

8.

What is vehicle?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

9.

What is bank?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

10.

What is term deposit?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

11.

What is goodwill?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

12.

What is a building classified as?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

13.

What is stock on hand?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

14.

What is GST?

a)

Current Liability

b)

Non-current Liability

15.

What is Mortgage?

a)

Current Liability

b)

Non-current Liability

16.

What is drawings?

a)

Asset

b)

Liability

c)

Owners Equity

17.

Whats is capital?

a)

Asset

b)

Liability

c)

Owners equity

18.

What is fees received?

a)

Asset

b)

Liability

c)

Income

d)

Expense

19.

What is dividends received?

a)

Asset

b)

Liability

c)

Income

d)

Expense

20.

What are shares?

a)

Current Asset

b)

Investment Asset

c)

PPE

d)

Intangible Asset

21.

What is electricity?

a)

Asset

b)

Liability

c)

Income

d)

Expenses

22.

Inventory

a)

Owner's Equity

b)

Asset

c)

Expenses

23.

Capital

a)

Revenue

b)

Liability

c)

Owner's Equity

24.

Furniture

a)

Expense

b)

Asset

c)

Liability

25.

Bank loan

a)

Liability

b)

Expense

c)

Asset

26.

Fixed deposit

a)

Revenue

b)

Liability

c)

Asset

27.

Machinery

a)

Owner's Equity

b)

Asset

c)

Liability

28.

Sales

a)

Revenue

b)

Expense

c)

Liability

29.

Bank overdraft

a)

Revenue

b)

Asset

c)

Liability

30.

Bank fees

a)

Expense

b)

Revenue

c)

Owner's Equity

31.

Drawings

a)

Expense

b)

Asset

c)

Owner's Equity

32.

Accounts receivable

a)

Liability

b)

Asset

c)

Owner's equity

33.

Cash in hand

a)

Revenue

b)

Equity

c)

Asset

34.

Salaries

a)

Expenses

b)

Liability

c)

Asset

35.

Office equipment

a)

Liability

b)

Expenses

c)

Asset

Reset

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