Account Titles

Account Titles

11th Grade

25 Qs

quiz-placeholder

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Account Titles

Account Titles

Assessment

Quiz

Business

11th Grade

Hard

Created by

DG M

Used 4+ times

FREE Resource

25 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This includes cash on hand (bills, coins, cash fund).

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This refers to open accounts which represent the amount of money owed by the customers to the business.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This account represents the amount of money owed by the customer or debtor to the business evidenced by a promissory note.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This represents supplies which remain unused at the end of the accounting period.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This refers to an advance payment made by the business to cover for future rental payments.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This represents manual or automated machines used in the business and they include photocopying equipment, computers, laptops, ring binders, laminating machines.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

This refers to the physical structure owned and used by the business to conduct its business operation.

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