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Review Quiz - Q2

Total questions: 20

Worksheet time: 3mins

Name
Class
Date
1.

Identify the classification of the account title.

Rent Income

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

2.

Identify the classification of the account title.

Supplies Expense

a)

Assets

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

3.

Identify the classification of the account title.

Salaries Payable

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

4.

Identify the classification of the account title.

Supplies

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

5.

Identify the classification of the account title.

Santos Drawing

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

6.

Identify the classification of the account title.

Sales

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

7.

Identify the classification of the account title.

Loan Payable

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

8.

Identify the classification of the account title.

Furniture and Fixtures

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

9.

Identify the classification of the account title.

Utilities Expense

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

10.

Identify the classification of the account title.

D and J Capital

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Income

e)

Expense

11.

Identify which Financial Statements the account title belongs to.

Accounts Receivable

a)

Balance Sheet

b)

Income Statement

12.

Identify which Financial Statements the account title belongs to.

Service Revenue

a)

Balance Sheet

b)

Income Statement

13.

Identify which Financial Statements the account title belongs to.

Supplies Expense

a)

Balance Sheet

b)

Income Statement

14.

Identify which Financial Statements the account title belongs to.

Accounts Payable

a)

Balance Sheet

b)

Income Statement

15.

Identify which Financial Statements the account title belongs to.

JL, Capital

a)

Balance Sheet

b)

Income Statement

16.

Identify which Financial Statements the account title belongs to.

JL, Capital

a)

Balance Sheet

b)

Income Statement

17.

Identify which Financial Statements the account title belongs to.

Cash

a)

Balance Sheet

b)

Income Statement

18.

Identify which Financial Statements the account title belongs to.

Shop Supplies

a)

Balance Sheet

b)

Income Statement

19.

Identify which Financial Statements the account title belongs to.

Interest Expense

a)

Balance Sheet

b)

Income Statement

20.

Identify which Financial Statements the account title belongs to.

Bank Loan

a)

Balance Sheet

b)

Income Statement