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Debits & Credits

Authored by Katie Blair

Life Skills

9th - 12th Grade

Used 31+ times

Debits & Credits
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30 questions

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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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