What are resources owned by the business called?

BKANK-CH3-ALL QS

Quiz
•
Business
•
University
•
Hard
Rosli Mohamad
FREE Resource
65 questions
Show all answers
1.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
2.
FILL IN THE BLANK QUESTION
2 mins • 1 pt
What are debts/obligations owed by the business to outsiders called?
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Owner's capital is affected by which of the following?
Revenue
Expenses
Drawing
All of the above
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is an example of an Asset?
Cash
Accounts Payable
Sales
Wages Payable
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is an example of a Liability?
Supplies
Notes Payable
Rent Revenue
Equipment
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is an example of Revenue?
Sales
Wages Expense
Buildings
Long-term Loan
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is an example of an Expense?
Utility Expenses
Accounts Receivable
Commission Revenue
Short-term Loan
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