Introduction to Accountancy

Quiz
•
Other
•
11th Grade
•
Medium
kalaivani a
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The difference between assets and liabilities.
ethics
GAAP
debts
Capital
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
An amount owed
assets
liability
equity
account
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Anything of value that is owned.
Liability
Equity
Asset
Expense
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The definition of an Asset is
The cost of running the business
Items of value owned by the business
Items owned by the business
money owed by the business to external parties
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A Bank Loan is classified as a:
Revenue
Expense
Asset
Liability
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