KEEP CALM AND WA1 (3E) PART 1
Authored by norsiahsemuni norsiahsemuni
Business
12th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
PREPAID advertising expense =
current
ASSET
current
LIABILITY
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
rental expense PAYABLE =
current
ASSET
current
LIABILITY
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
commission income RECEIVABLE =
current
ASSET
current
LIABILITY
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
rental income RECEIVED IN ADVANCE =
current
ASSET
current
LIABILITY
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
cash paid - PREPAID expense = expense INCURRED
TRUE
FALSE
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Cash RECEIVED + income RECEIVED IN ADVANCE = income EARNED
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
cash RECEIVED > income EARNED =
received in advance
receivable
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