Accounting Accounts

Accounting Accounts

9th - 12th Grade

29 Qs

quiz-placeholder

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Accounting Accounts

Accounting Accounts

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Johanna Cromeans

Used 2+ times

FREE Resource

29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mike Adams, Drawing

No Account

Cost of Merchandise

Liability

Owner's Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount owed to the state for sales tax collected

Asset

Cost of Merchandise

Liability

Owner's Equity

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Merchandise Inventory

Asset

Cost of Merchandise

Expense

Owner's Equity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Net Worth of the business

Asset

Liability

Expense

Owner's Equity

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Petty Cash

Asset

Liability

Expense

Revenue

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sales

Asset

Liability

Expense

Revenue

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchases

Cost of Merchandise

Liability

Expense

Revenue

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