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Accounting Review

Shannon Anderson-Rush 5 questions 2,163 views

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Questions in this quiz (5)

1A computer used by a business would be an asset.
1. ATrue
2. BFalse
2An account used to summarize the owner's equity is the T account.
1. ATrue
2. BFalse
3A decrease in the owner's equity is a resume of the owner withdrawing money from the business or an expense.
1. ATrue
2. BFalse
4Money paid for advertising is an asset account because it will increase sales.
1. ATrue
2. BFalse
5Sale of goods is a source of revenue for a business.
1. ATrue
2. BFalse

Description: Quiz on Accounting Review, created by Shannon Anderson-Rush on 27/05/2014.
Author: Shannon Anderson-Rush
Language: English
Views: 2,163
Tags: review
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