Free Printable Accounting: Assests, Owner's Equity and Liabilities

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Worksheets

Accounting: Assests, Owner's Equity and Liabilities

Total questions: 25

Worksheet time: 14mins

Name

Class

Date

1.

Non current assests?

a)

Land and buildings

b)

Bank

c)

Cost of sales

d)

Sales

e)

Long term loans

2.

Current assests?

a)

Land and buildings

b)

Bank

c)

Cost of sales

d)

Sales

e)

Long term loans

3.

Expenses?

a)

Land and buildings

b)

Bank

c)

Cost of sales

d)

Sales

e)

Long term loans

4.

Income?

a)

Land and buildings

b)

Bank

c)

Cost of sales

d)

Sales

e)

Long term loans

5.

Non current Liabilities?

a)

Land and buildings

b)

Bank

c)

Cost of sales

d)

Sales

e)

Long term loans

6.

Non current assests?

a)

Vehicles

b)

Trading stock

c)

Stationary

d)

Rent income

e)

Creditors

7.

Current assests?

a)

Vehicles

b)

Trading stock

c)

Stationary

d)

Rent income

e)

Creditors

8.

Expenses?

a)

Vehicles

b)

Trading stock

c)

Stationary

d)

Rent income

e)

Creditors

9.

Income?

a)

Vehicles

b)

Trading stock

c)

Stationary

d)

Rent income

e)

Creditors

10.

Current liability?

a)

Vehicles

b)

Trading stock

c)

Stationary

d)

Rent income

e)

Creditors

11.

Non current assets?

a)

Equipment

b)

Debtors control

c)

Rent expenses

d)

commission income

e)

Bank overdraft

12.

Current assets?

a)

Equipment

b)

Debtors control

c)

Rent expenses

d)

commission income

e)

Bank overdraft

13.

Expenses?

a)

Equipment

b)

Debtors control

c)

Rent expenses

d)

commission income

e)

Bank overdraft

14.

Income?

a)

Equipment

b)

Debtors control

c)

Rent expenses

d)

commission income

e)

Bank overdraft

15.

Current liability?

a)

Equipment

b)

Debtors control

c)

Rent expenses

d)

commission income

e)

Bank overdraft

16.

Non current assests?

a)

Financial assets

b)

Petty cash

c)

Telephone

d)

Interest income

e)

Salaries

17.

Current assets?

a)

Financial assets

b)

Petty cash

c)

Telephone

d)

Interest income

e)

Salaries

18.

Expenses? (2)

a)

Financial assets

b)

Petty cash

c)

Telephone

d)

Interest income

e)

Salaries

19.

Income?

a)

Financial assets

b)

Petty cash

c)

Telephone

d)

Interest income

e)

Salaries

20.

Current assets?

a)

Cash float

b)

wages

c)

advertising

d)

current income

e)

water & electricity, consumables

21.

Expenses? (over 1)

a)

Cash float

b)

wages

c)

advertising

d)

current income

e)

water & electricity, consumables

22.

Income?

a)

Cash float

b)

wages

c)

advertising

d)

current income

e)

water & electricity, consumables

23.

Assests, credit and debit?

a)

Debit = +

b)

Credit = -

c)

Credit = +

d)

Debit = -

24.

Owner's Equity, credit and debit?

a)

Debit = +

b)

Credit = -

c)

Credit = +

d)

Debit = -

25.

Liabilities, credit and debit?

a)

Debit = +

b)

Credit = -

c)

Credit = +

d)

Debit = -

100 %

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