Account Classification Quizzes, Questions & Answers
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What do you know about account classification? In accounting, the accounts are categorized using one of the two approaches, including a modern or traditional approach. There are five key types of accounts, including assets,...
Questions: 20 | Attempts: 874 | Last updated: Mar 22, 2023
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Sample QuestionCash in hand
Do you know how to classify accounts? Accounts classified as asset accounts, liability accounts, capital, or owner’s equity accounts, withdraw accounts, revenue or income accounts and express accounts. The five major...
Questions: 20 | Attempts: 2650 | Last updated: Mar 22, 2023
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Sample QuestionJones Payable
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Chapter 1
Directions: Classify each account by selecting the correct answer for each item.
Questions: 20 | Attempts: 521 | Last updated: Mar 20, 2023
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Sample QuestionJones Payable
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