Maker LogoSuper Survey Maker
Survey MakerSurvey TemplatesContactPrivacy & Security

Debits & credits 2

Which of the following accounts have a debit balance?
Cash
Accounts Payable
Accounts Receivable
Sales Revenue
Prepaid Expenses
What is the correct accounting equation?
Assets = Liabilities + Equity
Assets - Liabilities = Equity
Liabilities = Assets + Equity
Equity = Assets - Liabilities
Which of the following accounts have a credit balance?
Accounts Payable
Retained Earnings
Rent Expense
Common Stock
Utilities Expense
What is the purpose of a trial balance?
To calculate net income
To prepare financial statements
To identify errors in the accounting records
To record adjusting entries
Which of the following accounts are classified as current assets?
Inventory
Accounts Receivable
Property, Plant, and Equipment
Prepaid Insurance
Long-term Investments
What is the normal balance of an expense account?
Debit
Credit
Which financial statement reports a company's revenues and expenses?
Income Statement
Balance Sheet
Statement of Cash Flows
Statement of Retained Earnings
Which of the following accounts are classified as liabilities?
Accounts Payable
Notes Payable
Common Stock
Prepaid Rent
Accrued Expenses
What is the purpose of depreciation in accounting?
To increase the value of an asset
To allocate the cost of an asset over its useful life
To record interest expense
To calculate net income
Which financial statement shows the financial position of a company at a specific point in time?
Balance Sheet
Income Statement
Statement of Cash Flows
Statement of Retained Earnings
{"name":"Debits & credits 2", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Which of the following accounts have a debit balance?, What is the correct accounting equation?, Which of the following accounts have a credit balance?","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}

More Quizzes

Online Popquiz deel 1
33160
Variation and Classification
210
Which murder weapon are you
11614
My town and Area- Spanish Vocabulary
210
Free Capital Cities of the World
201022089
Which Immortal Instruments Character Are You? Free
201026235
Guess the Poet: Identify Poets from Quotes
201048200
Should I End My Relationship? Take the & Find Out
201027264
Male Reproductive System: Label Every Part Correctly
201050331
Which Faze Member Are You? Discover Your Faze Clan
201026235
Monopoly: Test Your Monopoly Knowledge & Skills
201023649
Free Chemical Bonding & Worksheet
201026484
Make your own Survey
- it's free to start.
Super Survey Logo
Powered by
Super Survey Maker | Super Templates Make your own Survey