The Amazingly Easy Peasy Lemon Squeasy Quiz

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Accounting Quizzes & Trivia

It's The Amazingly Easy Peasy Lemon Squeasy Quiz.
By Kirsten

Questions and Answers
  • 1. 

    What class are you in right now?

    • A.

      Spanish 2

    • B.

      Accounting 2

    • C.

      Calculus

    • D.

      Biology

    Correct Answer
    B. Accounting 2
  • 2. 

    What is the Normal Balance side of Assets?

    • A.

      The right side

    • B.

      The left side

    • C.

      The debit side

    • D.

      The credit side

    Correct Answer
    C. The debit side
  • 3. 

    Liabilities increase on the credit side.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
  • 4. 

    Expenses are included on the balance sheet.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False
  • 5. 

    Assets are included on the Income Statement.

    • A.

      True

    • B.

      False

    Correct Answer
    B. False

Quiz Review Timeline +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2022
    Quiz Edited by
    ProProfs Editorial Team
  • Feb 02, 2012
    Quiz Created by
    Kitkat13

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