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  • Chapter 01 E1-7 Accounting in Business

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    Sharmi la
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    This document is a quiz that tests the ability to classify different types of accounts into the proper accounting categories of assets, liabilities, revenues, expenses, or statement of changes in equity. It lists 37 different accounts and asks the student to identify which category each one belongs to. The student scored 27 out of 37 correct. The document provides feedback on which accounts were incorrectly categorized.

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    This document is a quiz that tests the ability to classify different types of accounts into the proper accounting categories of assets, liabilities, revenues, expenses, or statement of changes in equity. It lists 37 different accounts and asks the student to identify which category each one belongs to. The student scored 27 out of 37 correct. The document provides feedback on which accounts were incorrectly categorized.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    23 views4 pages

    Chapter 01 E1-7 Accounting in Business

    Uploaded by

    Sharmi la
    This document is a quiz that tests the ability to classify different types of accounts into the proper accounting categories of assets, liabilities, revenues, expenses, or statement of changes in equity. It lists 37 different accounts and asks the student to identify which category each one belongs to. The student scored 27 out of 37 correct. The document provides feedback on which accounts were incorrectly categorized.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 4

    6/5/23, 11:46 AM Chapter 01 E1-7 Accounting in Business

    Chapter 01 E1-7 Accounting in Business


    Total points 27/37

    Email *

    anusha1987ca@gmail.com

    0 of 0 points

    Full Name *

    Sharmila Manoharan

    Chapter 01 - Accounting in Business 27 of 37 points

    Classifying accounts LO6

    https://docs.google.com/forms/d/e/1FAIpQLSdOZTPwAPlI-mRujaJQucxYAEkvfs5AO2f1rp4x8-nKf6wM9A/viewscore?viewscore=AE0zAgB_dCVBMTf… 1/5
    6/5/23, 11:46 AM Chapter 01 E1-7 Accounting in Business

    Kate is having a difficult time differentiating all of the account names, If she is *
    creating a study sheet by categorizing all of the following accounts, identify the
    headings which will be corresponding to the accounts listed.

    Statement
    Assets Liabilities Revenue Expenses
    of
    (Balance (Balance (Income (Income Score
    Changes
    Sheet) Sheet) Statement) Statement)
    in Equity

    Accounts
    1/1
    Payable

    Accounts
    1/1
    Receivable

    Advertising
    1/1
    Expanse

    Insurance
    1/1
    Expense

    Owner’s
    Capital,
    0/1
    Beginning
    Balance

    Interest
    0/1
    Payable

    Prepaid
    1/1
    Expenses

    Interest
    1/1
    Expense

    Withdrawals 0/1

    Prepaid Rent 0/1

    Vehicle
    0/1
    Expenses

    Furniture 1/1

    Salaries
    https://docs.google.com/forms/d/e/1FAIpQLSdOZTPwAPlI-mRujaJQucxYAEkvfs5AO2f1rp4x8-nKf6wM9A/viewscore?viewscore=AE0zAgB_dCVBMTf… 2/5
    6/5/23, 11:46 AM Chapter 01 E1-7 Accounting in Business

    Expense
    Salaries
    1/1
    Expense
    Service
    Revenue
    Service
    0/1
    Revenue
    Other
    Expenses
    Other
    1/1
    Expenses
    Interest
    Income
    Interest
    1/1
    Income
    Cash
    Cash 1/1
    Telephone
    Expense
    Telephone
    1/1
    Expense
    Investment
    by Owner
    Investment
    0/1
    by Owner
    Wages
    Expense
    Wages
    1/1
    Expense
    Fuel
    Expense
    Fuel
    1/1
    Expense
    Notes
    Payable
    Notes
    1/1
    Payable
    Merchandise
    Inventory
    Merchandise
    1/1
    Inventory
    Utilities
    Expense
    Utilities
    1/1
    Expense
    Vehicles

    Vehicles 0/1
    Salaries
    Payable
    Salaries
    1/1
    Payable
    Building

    Building 1/1

    Profit / Loss
    Profit / Loss 0/1

    Equipment
    Equipment 1/1
    https://docs.google.com/forms/d/e/1FAIpQLSdOZTPwAPlI-mRujaJQucxYAEkvfs5AO2f1rp4x8-nKf6wM9A/viewscore?viewscore=AE0zAgB_dCVBMTf… 3/5
    6/5/23, 11:46 AM Chapter 01 E1-7 Accounting in Business

    Maintenance
    Expense
    Maintenance
    0/1
    Expense
    Land

    Land 1/1
    Unearned
    Revenue
    Unearned
    1/1
    Revenue
    Rent
    Revenue
    Rent
    1/1
    Revenue
    Supplies
    Expense
    Supplies
    1/1
    Expense
    Interest
    Receivable
    Interest
    1/1
    Receivable
    Rent
    Expense
    Rent
    1/1
    Expense
    Supplies
    Supplies 1/1

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    https://docs.google.com/forms/d/e/1FAIpQLSdOZTPwAPlI-mRujaJQucxYAEkvfs5AO2f1rp4x8-nKf6wM9A/viewscore?viewscore=AE0zAgB_dCVBMTf… 4/5

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