Accounting Fundamentals

Accounting Fundamentals

12th Grade

10 Qs

quiz-placeholder

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Accounting Fundamentals

Accounting Fundamentals

Assessment

Quiz

Business

12th Grade

Medium

Created by

A R W

Used 19+ times

FREE Resource

10 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Current ___________ must be paid back within a year.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the odd one out?

Property

Machinery

Inventory

Vehicle

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When the owner invests in a business this is known as ______.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equity is a current liability.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a liability?

Rent

Property

Bank Loan

Sales

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Being late to Higher Accounting means

Being disrespectful to the class

Being disrespectful to the subject

Being disrespectful to Mr W

Being disrespectful to yourself

All of the above/side to

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

If a sum owed to another person or business is to be paid back over more than a year it is called a ___-current liability.

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