Account Titles

Which of the following is classified as a current asset?

• Equipment

• Accounts payable

• Cash

• Land

Which of the following is NOT considered a liability account?

• Accounts payable

• Notes payable

• Accrued expenses

• Prepaid Expense

Which of the following accounts would be classified as an owner's equity account?

• Accounts Receivable

• Capital Stock

• Accounts Payable

• Inventory

Which of the following accounts is classified as an expense?

• Dividends

• Salaries expense

• Common stock

• Accounts payable

Which of the following is classified as a non-current asset?

• Cash

• Inventory

• Property, Plant, and Equipment

• Accounts receivable

"Accounts Payable" is classified as which type of account?

• Liability

• Asset

• Equity

• Revenue

What type of account is "Interest Expense"?

• Revenue

• Expense

• Asset

• Liability

Which of the following is a major type of account in accounting?

• Expense

• Revenue

• Liability

• All of the above

Which type of account represents a company's financial obligations to outside parties?

• Asset

• Liability

• Equity

• Revenue

What kind of account represents the value of what the business owns?

• Expense

• Liability

• Asset

• Revenue