Accounting Fundamentals

Quiz
•
Business
•
12th Grade
•
Medium

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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