Business

11th

grade

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Revenues and Expenses

16
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15 questions

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  • Multiple Choice
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    30 seconds
    1 pt

    Credit Fees are a

    Asset

    Revenue

    Owner's Equity

    none of the above

  • Multiple Choice
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    30 seconds
    1 pt

    Wages paid are

    An Asset

    An expense

    A revenue

    A Liability

  • Multiple Choice
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    30 seconds
    1 pt

    Which Accounting Assumption assumes the life of the business is ongoing

    Entity

    Accrual Basis

    Going Concern

    Period

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