Sales is classified as an ............ account.
Classification of accounts
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Classification of accounts
Quiz
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Business
•
8th - 10th Grade
•
Medium
Teresa Wh
Used 62+ times
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Asset
Liability
Equity
Income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trading Stock is classified as an ............ account.
Expense
Asset
Liability
Equity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Drawings is classified as an ............ account.
Income
Asset
Liability
Equity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cost of Sales is classified as an ............ account.
Income
Expense
Asset
Liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Petty Cash is classified as an ............ account.
Equity
Income
Asset
Liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debtors' Control is classified as an ............ account.
Income
Expense
Asset
Liability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Vehicles is classified as an ............ account.
Equity
Income
Expense
Asset
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