Classification Of Accounts - Calculators R Fun
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Chapter 1 Directions: Classify each account by selecting the correct answer for each item.
- 1.Jones Payable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 2.Accounts Receivable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 3.Calculator Equipment
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 4.Prepaid Rent
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 5.Business Analyst Payable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 6.Prepaid Insurance
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 7.Calculator Supplies
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 8.Notes Payable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 9.Office Supplies
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 10.Computer
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 11.Cash
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 12.David Hughes, Capital
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 13.Office Furniture
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 14.Texas Payable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 15.Truck
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 16.Buildings
- A.
Liability
- B.
Asset
- C.
Owner's Equity
- D.
Answer option 4
- 17.Accounts Payable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 18.Land
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 19.Mortgage Payable
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
- 20.Display Equipment
- A.
Asset
- B.
Liability
- C.
Owner's Equity
- D.
Answer option 4
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