Have an account?
Skip to Content
Build your own quiz
20 questions
Show Answers
See Preview
- 1. Multiple Choice
Vehicles are ......
Assets
Income
Liabilities
Expenses
- 2. Multiple Choice
Equipment is seen as an / a ......
Asset
Income
Liability
Expense
- 3. Multiple Choice
Land and buildings are an / a ......
Asset
Income
Liability
Expense
- 4. Multiple Choice
Trading stock is an / a ......
Asset
Income
Liability
Expense
- 5. Multiple Choice
Bank is seen as an / a ......
Asset
Income
Liability
Expense
- 6. Multiple Choice
Petty cash is seen as an / a ......
Asset
Income
Liability
Expense
- 7. Multiple Choice
Cash float is seen as an / a ......
Asset
Income
Liability
Expense
- 8. Multiple Choice
Debtors are seen as an / a ......
Asset
Income
Liability
Expense
- 9. Multiple Choice
A fixed deposit is seen as an / a ......
Asset
Income
Liability
Expense
- 10. Multiple Choice
Sales are seen as an / a......
Asset
Income
Liability
Expense
- 11. Multiple Choice
Cost of sales are seen as an / a......
Asset
Income
Liability
Expense
- 12. Multiple Choice
Stationery is seen as an / a......
Asset
Income
Liability
Expense
- 13. Multiple Choice
Insurance is seen as an / a......
Asset
Income
Liability
Expense
- 14. Multiple Choice
Packing material is seen as an / a......
Asset
Income
Liability
Expense
- 15. Multiple Choice
Current income is seen as an / a......
Asset
Income
Liability
Expense
- 16. Multiple Choice
Debtors allowances are seen as an / a......
Asset
Income
Liability
Expense
- 17. Multiple Choice
Interest on Loans are seen as an / a......
Asset
Income
Liability
Expense
- 18. Multiple Choice
Creditors are seen as an / a......
Asset
Income
Liability
Expense
- 19. Multiple Choice
Which accounts will be debited when they increase?
Asset
Income
Liability
Expense
Drawings
- 20. Multiple Choice
Which accounts will be credited when they increase?
Asset
Income
Liability
Expense
Capital
- Answer choicesTagsAnswer choicesTags