Accounting foundations test review - Question 1 1 out of 1 points What is the account type of the Interest Revenue account Selected Answer Revenue

Accounting foundations test review - Question 1 1 out of 1...

This preview shows page 1 - 9 out of 52 pages.

Question 1 1 out of 1 points What is the account type of the Interest Revenue account? Selected Answer:RevenueAnswers: AssetContra AssetLiabilityCapitalDrawingRevenueContra RevenueExpense  Question 2 1 out of 1 points What is the account type of the Land account?
Image of page 1
Question 3 1 out of 1 points What is the account type of the Consulting Revenue account?
Image of page 2
Question 4 1 out of 1 points On which financial statement would the Petty Cash account appear?
Image of page 3
Question 5 1 out of 1 pointsIs the Accounts Receivable account a permanent (real) or temporary (nominal) account? Selected Answer:permanent (real)Answers: permanent (real)temporary (nominal) Question 6 1 out of 1 points The normal balance of Office Supplies is a Question 7 1 out of 1 points
Image of page 4
On which financial statement would the Accounts Receivable account appear? Question 8 1 out of 1 points The normal balance of Land is a Question 9 0 out of 1 points The normal balance of Accounts Payable is a Selected Answer:
Image of page 5
debitAnswers: debitcredit Question 10 0 out of 1 points The normal balance of Unearned Rent is a Question 11 0 out of 1 points The normal balance of Sales is a
Image of page 6
credit Question 12 0 out of 1 points On which financial statement would the Allowance for Doubtful Accounts account appear? Question 13 1 out of 1 points On which financial statement would the Land account appear? Selected Answer:Balance SheetAnswers: Income StatementStatement of Owner’s Equity
Image of page 7
Balance Sheet Question 14 0 out of 1 points What is the account type of the Allowance for Doubtful Accounts account?
Image of page 8
Image of page 9

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture