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Business

7th -

9thgrade

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Chart of Accounts

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15 questions

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  • 1. Multiple Choice
    30 seconds
    1 pt

    Cash at Bank is recorded on Balance sheet as

    Current Asset

    Current Liability

  • 2. Multiple Choice
    30 seconds
    1 pt

    The Accounting Equation is

    Assets = Liabilities + Owners Equity

    Revenue - Expenses = Profit

  • 3. Multiple Choice
    30 seconds
    1 pt

    A Building would be classified as

    Non Current Liability

    Non Current Asset

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