Free Printable Accounting classification

Free Printable Worksheets

Worksheets

Accounting classification

Total questions: 40

Worksheet time: 7mins

Name

Class

Date

1.

Classify "Cash at Bank"

a)

Asset

b)

Revenue

c)

Expense

d)

Owner's equity

2.

Classify 'Buildings'

a)

Revenue

b)

Asset

c)

Liability

d)

Expense

3.

Classify 'Accounts Payable'

a)

Asset

b)

Revenue

c)

Liability

d)

Expense

4.

Classify 'Supplies'

a)

Asset

b)

Revenue

c)

Expense

d)

Liability

5.

Classify 'Service Fee Revenue'

a)

Revenue

b)

Asset

c)

Expense

d)

Owner's Equity

6.

Classify 'Advertising'

a)

Expense

b)

Liability

c)

Owner's Equity

d)

Asset

7.

Classify 'Inventories'

a)

Asset

b)

Expense

c)

Revenue

d)

Owner's Equity

8.

Classify ' Wages and Salaries'

a)

Expense

b)

Asset

c)

Liability

d)

Revenue

9.

Classify 'Motor Vehicles'

a)

Revenue

b)

Asset

c)

Expense

d)

Owner's Equity

10.

Classify "Commission Received'

a)

Revenue

b)

Asset

c)

Expense

d)

Liability

11.

Classify 'Capital'

a)

Revenue

b)

Expense

c)

Asset

d)

Owner's Equity

12.

Classify 'Accounts Receivable'

a)

Revenue

b)

Asset

c)

Expense

d)

Liability

13.

Classify 'Electricity'

a)

Expense

b)

Owner's Equity

c)

Asset

d)

Liability

14.

Classify 'Petty Cash'

a)

Revenue

b)

Asset

c)

Expense

d)

Liability

15.

Classify 'Debtors' / Accounts Receivable

a)

Revenue

b)

Expense

c)

Liability

d)

Asset

16.

Classify 'Loan to'

a)

Asset

b)

Expense

c)

Liability

d)

Revenue

17.

Classify 'Bank overdraft'

a)

Liability

b)

Revenue

c)

Asset

d)

Owner's Equity

18.

Classify 'Land'

a)

Revenue

b)

Asset

c)

Expense

d)

Liability

19.

Classify 'Capital'

a)

Revenue

b)

Asset

c)

Liability

d)

Owner's Equity

20.

Classify 'Stationery'

a)

Asset

b)

Expense

c)

Liability

d)

Revenue

21.

Classify 'Cartage'

a)

Expense

b)

Revenue

c)

Laibility

d)

Asset

22.

Classify 'Equipment'

a)

Revenue

b)

Asset

c)

Liability

d)

Expense

23.

Classify 'Stock' / trading inventory

a)

Asset

b)

Liability

c)

Expense

d)

Owner's Equity

24.

Classify ' Rent received'

a)

Asset

b)

Liability

c)

Revenue

d)

Expense

25.

Classify 'Mortgage'

a)

Asset

b)

Liability

c)

Revenue

d)

Expense

26.

Classify 'Interest Received'

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

27.

Classify 'Sales'

a)

Owner's Equity

b)

Asset

c)

Revenue

d)

Liability

28.

Classify ' Drawings'

a)

Liability

b)

Expense

c)

Owner's Equity

d)

Asset

29.

Classify 'Shares'

a)

Liability

b)

Asset

c)

Expense

d)

Revenue

30.

Classify 'Rates'

a)

Owner's Equity

b)

Expense

c)

Revenue

d)

Asset

31.

Classify 'Accounts Receivable'

a)

Owner's Equity

b)

Asset

c)

Revenue

d)

Liability

32.

Classify 'Bank Charges'

a)

Expense

b)

Asset

c)

Liability

d)

Revenue

33.

Classify ' Customs Duty'

a)

Liability

b)

Expense

c)

Asset

d)

Owner's Equity

34.

Classify ' Bad Debts'

a)

Liability

b)

Expense

c)

Revenue

d)

Asset

35.

Classify 'Repairs and Maintenance'

a)

Liability

b)

Revenue

c)

Expense

d)

Asset

36.

Classify 'GST Credits Received'

a)

Asset

b)

Liability

c)

Revenue

d)

Owner's Equity

37.

Classify 'Loss on disposal of Assets'

a)

Liability

b)

Revenue

c)

Asset

d)

Expense

38.

Classify 'Loan from x'

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

39.

Classify 'Prepaid Insurance'

a)

Asset

b)

Expense

c)

Revenue

d)

Owner's Equity

40.

Classify 'Credit Card fees'

a)

Revenue

b)

Expense

c)

Asset

d)

Liability

100 %

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