
Acc 111
Authored by Fatma Jassim
Other
11th Grade

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All the following account are assets except:
Account Receivable
Equipment
Account Payable
Land
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Notes payable are classified as:
Assets
Owner's equity
Expense
Liabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the company has the following balances BD12,000 cash, supplies BD3,000, furniture BD5,000 and account payable BD4,000, then the owner's equity will equal:
BD16,000
BD20.000
BD15,000
BD24,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Basic Accounting Equation
ASSETS = LIABILITIES + OWNER’S EQUITY
LIABILITIES = ASSETS + OWNER’S EQUITY
OWNER’S EQUITY = ASSETS+LIABILITIES
ASSETS = LIABILITIES - OWNER’S EQUITY
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets Classification
Account Payable
Cash
Notes payable
Service revenue
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