Accounting concepts

Accounting concepts

Assessment

Quiz

Created by

Carel Steinmann

Business

8th - 12th Grade

127 plays

Medium

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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

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debtors are seen as an / a ......

Asset

Income

Liability

Expense

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fixed deposit is seen as an / a ......

Asset

Income

Liability

Expense

10.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales are seen as an / a......

Asset

Income

Liability

Expense

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