PRACTICE QUIZ

Quiz

•

Business

•

11th Grade

•

Medium

Angel Caparoso

Used 12+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. Which among the following reflects the accounting equation?

A= L - E

A = L + E

A+L = E

A+E = L

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. What is the last aspect of accounting?

Classifying

Recording

Interpreting

Analyzing

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This focuses mainly on recording transactions.

Accounting

Bookkeeping

Auditing

Printing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is any item that is used as standard medium of exchange

that the bank will accept at face value.

Accounts Receivable

Prepaid Expense

Accounts Payable

Cash

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This pertains to the things owed by the business.

Liability

Asset

Equity

Expense

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which among the following is the most liquid asset?

Accounts Payable

Machine

Cash

Accounts Receivable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is the Father of Accounting?

Friar Luca Pacioli

Leonardo Da Vinci

Benedetteo Cotrugli

None of the above

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