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Account Types

Authored by GINA FRATANTONI

Business

10th - 12th Grade

Used 945+ times

Account Types
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15 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all asset accounts listed below.

Accounts Payable

Cash

Supplies

Owner's Capital

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all examples of liability accounts

accounts payable

accounts receivable

loan payable

owner's capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenue and expenses are recorded under:

assets

liabilities

owner's equity

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all examples of asset accounts.

accounts receivable

accounts payable

prepaid insurance

sales

5.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all examples of owner's equity accounts

cash

owner's capital

accounts payable

owner's drawing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Debit is on the left and credit is on the right for ALL t accounts.

true

false

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Asset accounts increase with a

debit

credit

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