
Debits & Credits
Quiz
•
Life Skills
•
9th - 12th Grade
•
Medium
Katie Blair
Used 28+ times
FREE Resource
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of cash?
Asset
Liability
Owner's Equity
Revenue
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of supplies?
Asset
Liability
Owner's Equity
Expense
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of prepaid insurance?
Asset
Liability
Owner's Equity
Revenue
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of accounts receivable?
Asset
Liability
Owner's Equity
Expense
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of accounts payable?
Asset
Liability
Owner's Equity
Expense
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of owner's capital?
Asset
Liability
Owner's Equity
Revenue
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the account classification of owner's drawing?
Asset
Liability
Owner's Equity
Expense
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