Accounting

Accounting

9th - 12th Grade

7 Qs

quiz-placeholder

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Accounting

Accounting

Assessment

Quiz

9th - 12th Grade

Medium

Created by

JESSICA COLLINS

Used 1K+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets=Liabilities-Owner's Equity is the accounting equation

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of an account is cash?

ASSET

LIABILITIES

OWNER'S EQUITY

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The accounting equation must always be

balanced

uneven

zero

equal to the square root of 5

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________________ is the language of business.

Finance

Business Essentials

Accounting

English

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something of value OWNED by the company is a

Liability

Asset

Owner's Equity

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Something of value OWED by a company is called a(n)

Asset

Liability

Owner's Equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For an investor, personal and business money are put together and not kept separate.

TRUE

FALSE