Accounting Elements Quiz

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Test your knowledge on the fundamental elements of accounting!

Créé par

Alex Lin

New Zealand

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Froggy Jumps Accounting Elements QuizVersion en ligne Test your knowledge on the fundamental elements of accounting! par Alex Lin 1 What are the primary elements of accounting? a Cash, Inventory, Accounts Receivable b Assets, Liabilities, Equity c Revenue, Expenses, Profit 2 Which element represents what a business owes? a Liabilities b Equity c Assets 3 What do assets represent in accounting? a Debts owed by the business b Owner's investment c Resources owned by the business 4 What is equity in accounting? a Owner's residual investment in assets b Total liabilities c Current cash flow 5 Which account is NOT an asset? a Accounts Payable b Accounts Receivable c Bank 6 What do revenues represent? a Income generated from normal business operations b Total expenses c Owner's equity 7 Which element includes accounts payable? a Assets b Liabilities c Equity 8 What is the accounting equation? a Assets = Liabilities + Equity b Assets + Liabilities = Equity c Assets - Liabilities = Equity 9 Which element is affected by expenses? a Assets b Equity c Liabilities 10 Which of the following is an example of an expense? a Loan b Interest on Loan c Dividends

Froggy Jumps

Accounting Elements QuizVersion en ligne

Test your knowledge on the fundamental elements of accounting!

par Alex Lin

What are the primary elements of accounting?

Cash, Inventory, Accounts Receivable

Assets, Liabilities, Equity

Revenue, Expenses, Profit

Which element represents what a business owes?

Liabilities

Equity

Assets

What do assets represent in accounting?

Debts owed by the business

Owner's investment

Resources owned by the business

What is equity in accounting?

Owner's residual investment in assets

Total liabilities

Current cash flow

Which account is NOT an asset?

Accounts Payable

Accounts Receivable

Bank

What do revenues represent?

Income generated from normal business operations

Total expenses

Owner's equity

Which element includes accounts payable?

Assets

Liabilities

Equity

What is the accounting equation?

Assets = Liabilities + Equity

Assets + Liabilities = Equity

Assets - Liabilities = Equity

Which element is affected by expenses?

Assets

Equity

Liabilities

Which of the following is an example of an expense?

Loan

Interest on Loan

Dividends

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Accounting Elements Quiz

Froggy Jumps

À propos de cette activité

Créé par

Téléchargez la version pour jouer sur papier

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Accounting Elements QuizVersion en ligne

par Alex Lin

What are the primary elements of accounting?

Which element represents what a business owes?

What do assets represent in accounting?

What is equity in accounting?

Which account is NOT an asset?

What do revenues represent?

Which element includes accounts payable?

What is the accounting equation?

Which element is affected by expenses?

Which of the following is an example of an expense?

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