Classification Of Accounts - Calculators R Fun

20 Questions | Total Attempts: 387

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Accounting Quizzes & Trivia

Chapter 1 Directions: Classify each account by selecting the correct answer for each item.


Questions and Answers
  • 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