What is the classification of "cash?"
Account Classifications
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Account Classifications
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9th - 12th Grade
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Liability
Owner's Equity
Asset
Revenue
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the increase side of the owner's capital account?
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the classification of Accounts Payable--Staples?
Asset
Liability
Owner's Equity
Expense
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the decrease side of Accounts Payable--Clark Company?
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the increase side of Accounts Receivable--Little Tykes Nursery?
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the classification of the owner's capital account?
Revenue
Expense
Owner's Equity
Asset
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the classification of the owner's drawing account?
Revenue
Expense
Owner's Equity
Liability
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