Quiz 1  - Knowing Your Elements

Quiz 1 - Knowing Your Elements

8th Grade

28 Qs

quiz-placeholder

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Quiz 1  - Knowing Your Elements

Quiz 1 - Knowing Your Elements

Assessment

Quiz

Business

8th Grade

Easy

Created by

Tuan Ang

Used 2+ times

FREE Resource

28 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"Sales revenue" belongs to ___________ element.

Asset
Liability
Equity
Income
Expense

2.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Sales returns" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense

3.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Commission income" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense

4.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Discount received" belongs to ___________ element.

Asset
Liability
Equity
Income
Expense

5.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Discount allowed" belongs to ___________ element.

Asset
Liability
Equity
Income
Expense

6.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Cost of sales" belongs to ___________ element.

Asset
Liability
Equity
Income
Expense

7.

MULTIPLE CHOICE QUESTION

5 sec • 1 pt

"Depreciation" belongs to ___________ element.
Asset
Liability
Equity
Income
Expense

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