Free Printable FABM1 BSBA1-3 Midterm Quiz

Free Printable Worksheets

Worksheets

FABM1 BSBA1-3 Midterm Quiz

Total questions: 30

Worksheet time: 15mins

Name

Class

Date

1.

Received bill for oil and gas

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

2.

Received cash for printing

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

3.

Received cash from customer

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

4.

Received partial payment

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

5.

Rendered repair service on account

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

6.

Rendered repair service on cash

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

7.

Rent expense

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

8.

Rent income

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

9.

Rent received in advance

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

10.

Rent revenue

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

11.

Salaries expense

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

12.

Salaries expense

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

13.

Salaries payable

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

14.

Payment of salaries on cash

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

15.

Service Rendered

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

16.

Service Rendered on account

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

17.

Service rendered on cash

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

18.

SSS contribution payable

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

19.

Supplies

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

20.

Used supplies

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

21.

Table

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

22.

Tax payable

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

23.

Telephone bill

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

24.

The owner withdraw cash for personal use

a)

Asset

b)

Liability

c)

Equity

d)

Drawing

25.

Truck

a)

Asset

b)

Liability

c)

Equity

d)

Drawing

26.

Two storey house

a)

Asset

b)

Liability

c)

Equity

d)

Drawing

27.

Unearned rent revenue

a)

Asset

b)

Liability

c)

Equity

d)

Drawing

28.

Unearned service revenue

a)

Asset

b)

Liability

c)

Equity

d)

Drawing

29.

Wages payable

a)

Asset

b)

Liability

c)

Equity

d)

Drawing

30.

Payment of advertisement.

a)

Asset

b)

Liability

c)

Equity

d)

Revenue

e)

Expense

Reset

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