Mindtap 4-1 Accounting 1 Posting Entries

Mindtap 4-1 Accounting 1 Posting Entries

10th Grade

25 Qs

quiz-placeholder

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Mindtap 4-1 Accounting 1 Posting Entries

Mindtap 4-1 Accounting 1 Posting Entries

Assessment

Quiz

Business

10th Grade

Easy

Created by

Bobbie Jones

Used 1+ times

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25 questions

Show all answers

1.

MATCH QUESTION

1 min • 1 pt

Match the following

Asset

Accounts Payable

Owner's Equity

Revenue

Liability

Cash in Bank

2.

MATCH QUESTION

1 min • 1 pt

Match the following

Liability

Accounts Payable

Asset

Accounts Receivable

Owner's Equity

Rose Lillie, Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For rules of debit and credit which account increases on the debit side?

Liability

Revenue

Assets

4.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Classify the account:

CAPITAL

ASSET

LIABILITY

OWNER'S EQUITY

5.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Classify the account:

DRAWING

ASSET

LIABILITY

OWNER'S EQUITY

Revenue

6.

MULTIPLE CHOICE QUESTION

20 sec • 5 pts

Classify the account:

WITHDRAWAL

ASSET

LIABILITY

OWNER'S EQUITY

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets, Liabilities and Owners Equity are recorded on

Income statement

Statement of owners equity

Balance sheet

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