
Recap accounting elements and financial statements
Quiz
•
Business
•
9th - 10th Grade
•
Hard
Lee Zhi Li
Used 13+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
Select assets only.
Trade receivables
Trade payables
Cash at bank
Inventory
2.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
Select liabilities only.
Office equipment
Trade payables
Bank loan
Bank overdraft
3.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
Select income only
Sales returns
Sales revenue
Discount received
Discount allowed
4.
MULTIPLE SELECT QUESTION
10 sec • 1 pt
Select expense only.
Discount received
Discount allowed
Utilities
Cost of sales
5.
MULTIPLE SELECT QUESTION
20 sec • 1 pt
What makes up equity?
Capital + Profit - Drawings
Capital - Loss - Drawings
Capital + Income - Expense - Drawings
Capital - Drawings
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following pairs consist of assets only?
Trade receivables, trade payables
Cash at bank, bank overdraft
Inventory, premises
Cash in hand, capital
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Which of the following pair consists of liabilities only?
Office equipment, drawings
Bank loan, bank overdraft
Fixtures and fittings, mortgage loan
Motor vehicles, profit for the year
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