Intro to Accounting

Intro to Accounting

9th - 12th Grade

15 Qs

quiz-placeholder

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Intro to Accounting

Intro to Accounting

Assessment

Quiz

Life Skills

9th - 12th Grade

Practice Problem

Easy

Used 990+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets taken out of a business for the owner's personal use

capital
withdrawals
equities
revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Planning, recording, analyzing, and interpreting financial information

accounting
ethics
transaction
revenue

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in owner's equity resulting from the operation of a business

account
capital
asset
expense

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount owed by a business

liability
asset
capital
account

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business activity that changes assets, liabilities, or owner's equity

transaction
expense
revenue
sale on account

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Anything of value that is owned

account
asset
withdrawal
expense

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business owned by one person

service business
revenue
expense
proprietorship

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