Accounting concepts

Accounting concepts

8th - 12th Grade

20 Qs

quiz-placeholder

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Accounting concepts

Accounting concepts

Assessment

Quiz

Business

8th - 12th Grade

Medium

Created by

Carel Steinmann

Used 129+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Vehicles are ......

Assets

Income

Liabilities

Expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equipment is seen as an / a ......

Asset

Income

Liability

Expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Land and buildings are an / a ......

Asset

Income

Liability

Expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Trading stock is an / a ......

Asset

Income

Liability

Expense

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bank is seen as an / a ......

Asset

Income

Liability

Expense

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Petty cash is seen as an / a ......

Asset

Income

Liability

Expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash float is seen as an / a ......

Asset

Income

Liability

Expense

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