Free Printable Classification of Accounts

Free Printable Worksheets

Worksheets

Classification of Accounts

Total questions: 20

Worksheet time: 11mins

Name

Class

Date

1.

SSS Contribution

a)

Assets

b)

Liability

c)

Expense

d)

Revenue

e)

Owners’ Equity

2.

Notes Payable

a)

Assest

b)

Liability

c)

Owner's Equity

d)

Expense

e)

Revenue

3.

Cash on hand

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Expenses

e)

Revenue

4.

Prepaid Utilities

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

e)

Owner's Equity

5.

Building

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Expense

e)

Revenue

6.

Notes Payable

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Expense

e)

Revenue

7.

Interest Expense

a)

Asset

b)

Liability

c)

Revenue

d)

Expense

e)

Owner's Equity

8.

Sales

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

e)

Owner's Equity

9.

Petty Cash

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

e)

Owner's Equity

10.

Machinery

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

e)

Owner's Equity

11.

Land

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Revenue

e)

Expense

12.

Furniture and Fixture

a)

Asset

b)

Liability

c)

Owner's Equity

d)

Expense

e)

Revenue

13.

Salaries and Wages

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

e)

Owner's Equity

14.

Professional Income

a)

Asset

b)

Liability

c)

Expense

d)

Revenue

e)

Owner's Equity

15.

Store Equipment

a)

asset

b)

liability

c)

expense

d)

revenue

e)

owner's equity

16.

Prepaid Rent

a)

asset

b)

liability

c)

expense

d)

revenue

e)

owner's equity

17.

Office Supplies

a)

asset

b)

liability

c)

expense

d)

revenue

e)

owners equity

18.

Mortgage Payable

a)

asset

b)

liability

c)

revenue

d)

expense

e)

owner's equity

19.

Taxes and Licenses

a)

asset

b)

liability

c)

expense

d)

revenue

e)

owner's equity

20.

Bad Debts

a)

asset

b)

liability

c)

expense

d)

revenue

e)

owner's equity

100 %

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