BKANK-CH3-ALL QS

BKANK-CH3-ALL QS

University

65 Qs

quiz-placeholder

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BKANK-CH3-ALL QS

BKANK-CH3-ALL QS

Assessment

Quiz

Business

University

Hard

Created by

Rosli Mohamad

FREE Resource

65 questions

Show all answers

1.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

Media Image

What are resources owned by the business called?

2.

FILL IN THE BLANK QUESTION

2 mins • 1 pt

Media Image

What are debts/obligations owed by the business to outsiders called?

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

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

Media Image

Which of the following is an example of an Asset?

Cash

Accounts Payable

Sales

Wages Payable

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Which of the following is an example of a Liability?

Supplies

Notes Payable

Rent Revenue

Equipment

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Which of the following is an example of Revenue?

Sales

Wages Expense

Buildings

Long-term Loan

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

Which of the following is an example of an Expense?

Utility Expenses

Accounts Receivable

Commission Revenue

Short-term Loan

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