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ACCOUNT CLASSIFICATION

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.
  1. Which of the following is revenue?

a)

Motor vehicle

b)

Salaries

c)

Commission received

d)

Bank loan

2.
  1. Which of the following can be classified as an asset?

a)

Account receivable

b)

Bank Loan

c)

Account Payable

d)

Salary

3.
  1. Which of the following is NOT current asset?

a)

Cash in hand

b)

Cash at bank

c)

Motor vehicle

d)

Account receivable

4.

Which of the following is NOT expenses?

a)

Stationery

b)

Maintenance

c)

Dividend received

d)

Rental paid

5.

Which of the following is current liability?

a)

Account receivable

b)

Account Payable

c)

Rental

d)

Machinery

6.

Which of the following is categorized as Equity?

a)

Capital

b)

Land and building

c)

Cash

d)

Sales

7.

The following are expenses, EXCEPT:

a)

Stationery

b)

Sales

c)

Maintenance

d)

Water and electricity

8.

The following is Non Current Asset, EXCEPT

a)

Land and building

b)

Cash in hand

c)

Furniture

d)

Office equipment

9.

Sales is categorised as __________

a)

Asset

b)

Expenses

c)

Revenue

d)

Liability

10.

Which of the following is Non Current Liability

a)

Inventory

b)

Account receivable

c)

Account payable

d)

Bank Loan