Classification Practice

Classification Practice

Presentation

•

Business

•

9th - 12th Grade

•

Practice Problem

•

Easy

Created by

Jean Heffelfinger

Used 6+ times

FREE Resource

0 Slides • 14 Questions

1

Multiple Choice

Sales is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

2

Multiple Choice

Cash is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

3

Multiple Choice

Accounts Payable is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

4

Multiple Choice

Income Summary is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

5

Multiple Choice

Capital is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

6

Multiple Choice

Supplies is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

7

Multiple Choice

Rent Expense is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

8

Multiple Choice

Accounts Receivable is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

9

Multiple Choice

Income Summary is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

10

Multiple Choice

Drawing is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

11

Multiple Choice

Prepaid Insurance is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

12

Multiple Choice

Insurance Expense is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

13

Multiple Choice

Petty Cash is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

14

Multiple Choice

Sales Tax Payable is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

Sales is classified as

1

Asset

2

Liability

3

Owner's Equity

4

Revenue

5

Expense

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