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Accounting Quiz (Very Hard)

Total questions: 20

Worksheet time: 3mins

Name
Class
Date
1.

Capital

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

2.

Building

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

3.

Revenue

a)

Asset

b)

Liability

c)

Capital

d)

Lugaw

4.

500 pesos Cash

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

5.

Accounts Payable

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

6.

Accounts Receivable

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

7.

Franchises

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

8.

Withdrawals

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

9.

Inventories

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

10.

Bonds Payable

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

11.

Cash Equivalents

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

12.

Long Term Debt

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

13.

Income Summary

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

14.

Office Supplies

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

15.

Motor Vehicles

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

16.

Mortgage Payable

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

17.

Bank Deposit

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

18.

Equipment

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

19.

Cash invested in the Business

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

20.

Essentials

a)

Asset

b)

Liability

c)

Equity

d)

Lugaw

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