Accounting Drills: Balance Sheet

Accounting Drills: Balance Sheet

10th Grade - Professional Development

21 Qs

quiz-placeholder

Similar activities

Useless Food Facts

Useless Food Facts

5th - 12th Grade

18 Qs

HYDROMETEOROLOGICAL HAZARD

HYDROMETEOROLOGICAL HAZARD

12th Grade

20 Qs

Plant Classification

Plant Classification

9th - 12th Grade

16 Qs

General Safety Rules TEST

General Safety Rules TEST

9th - 12th Grade

20 Qs

How to talk about what goes on

How to talk about what goes on

12th Grade - University

20 Qs

L1LO2 Summative Test

L1LO2 Summative Test

10th Grade

20 Qs

Types of Interviews

Types of Interviews

9th - 12th Grade

20 Qs

Winter Gear

Winter Gear

5th - 12th Grade

16 Qs

Accounting Drills: Balance Sheet

Accounting Drills: Balance Sheet

Assessment

Quiz

Life Skills

10th Grade - Professional Development

Practice Problem

Medium

Created by

Darlene Watkins

Used 81+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Another name for the balance sheet is

Statement of Operations

Statement of Financial Position

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The balance sheet heading will specify a

Period of Time

Point in Time

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a category or element of the balance sheet?

Expenses

Gains

Liabilities

Losses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an asset account?

Accounts Payable

Prepaid Insurance

Unearned Revenue

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a contra-account?

Accumulated Depreciation

Mary Smith, Capital

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for an asset account?

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the normal balance for liability accounts?

Debit

Credit

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?