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Accounting Classification Quiz

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

What type of account is 'Cash'?

a)

Income

b)

Liabilities

c)

Assets

d)

Equity

2.

What type of account is 'Accounts Payable'?

a)

Equity

b)

Expenses

c)

Liabilities

d)

Assets

3.

What type of account is 'Capital / Owner’s Equity'?

a)

Income

b)

Assets

c)

Equity

d)

Liabilities

4.

What type of account is 'Service Revenue'?

a)

Expenses

b)

Income

c)

Assets

d)

Liabilities

5.

What type of account is 'Salaries Expense'?

a)

Equity

b)

Expenses

c)

Assets

d)

Income

6.

What type of account is 'Inventory'?

a)

Assets

b)

Expenses

c)

Liabilities

d)

Income

7.

What type of account is 'Unearned Revenue'?

a)

Assets

b)

Liabilities

c)

Income

d)

Equity

8.

What type of account is 'Rent Expense'?

a)

Expenses

b)

Liabilities

c)

Assets

d)

Income

9.

What type of account is 'Notes Receivable'?

a)

Income

b)

Equity

c)

Liabilities

d)

Assets

10.

What type of account is 'Advertising Expense'?

a)

Expenses

b)

Liabilities

c)

Assets

d)

Income

11.

What type of account is 'Taxes Payable'?

a)

Assets

b)

Liabilities

c)

Income

d)

Equity

12.

What type of account is 'Office Furniture'?

a)

Assets

b)

Liabilities

c)

Expenses

d)

Income

13.

What type of account is 'Interest Income'?

a)

Liabilities

b)

Assets

c)

Income

d)

Expenses

14.

What type of account is 'Drawings / Withdrawals'?

a)

Equity

b)

Liabilities

c)

Assets

d)

Income

15.

What type of account is property, plants, and equipment

a)

Asset

b)

Liabilities

c)

Income

d)

Expenses