Quiz 34: Account Type

Identifying the account type (asset, liability, equity, revenue, or expense), is an important part of the accounting transaction analysis process. Test your knowledge of mdct.ru and accounting with our online quiz.

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If you need a refresher course on this topic update your knowledge using our tutorial on the accounting transaction analysis process.

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1. What account type is the cash account?
Wrong
Right!
Wrong
2. What type of account is the cost of sales account?
Right!
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Wrong
3. What account type is a loan account?
Wrong
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Wrong

4. What type of account is the inventory account?
Wrong
Wrong
Right!

5. What account type is the rent expense account?
Wrong
Wrong
Right!
6. What type of account is the accounts payable account?
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Wrong
7. What account type is the common stock account?
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Wrong
8. What account type is the accounts receivable account?
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Wrong
Wrong
9. What account type is the freehold building account?
Right!
Wrong
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10. What account type is the sales account?
Wrong
Wrong
Right!

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Quiz 34: Account Type December 14th, 2016Team

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