Level 2 C & G Accounts Week 2

Level 2 C & G Accounts Week 2

9th - 12th Grade

20 Qs

quiz-placeholder

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Level 2 C & G Accounts Week 2

Level 2 C & G Accounts Week 2

Assessment

Quiz

Financial Education

9th - 12th Grade

Practice Problem

Easy

Created by

Sheree-Ann Lashley

Used 3+ times

FREE Resource

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a business, which account category would EQUIPMENT fall into

EXPENSES

SALES

ASSETS

LIABILITIES

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is an ASSET posted as a debit or a credit?

DEBIT

CREDIT

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ARE Drawings posted as a debit or a credit?

DEBIT

CREDIT

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account category would ACCOUNTS RECEIVABLE fall into?

EXPENSES

ASSETS

LIABILITIES

PURCHASES

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which account category would WAGES fall into?

EXPENSES

ASSETS

LIABILITIES

PURCHASES

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What category does ACCOUNTS PAYABLE belong to?

ASSETS

EXPENSES

LIABILITIES

CAPITAL

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is an EXPENSE posted as a debit or a credit?

DEBIT

CREDIT

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