Quiz 13: Balance Sheet or Income Statement Quiz

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1. Is the depreciation expense a Balance sheet or Income statement account?
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Wrong
2. Is finished goods inventory a Balance sheet or Income statement account?
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Wrong
3. Is accounts receivable a Income statement or Balance sheet account?
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Wrong

4. Is the professional fees account a Balance sheet or Income statement account?
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5. Is accruals a Balance sheet or Income statement account?
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6. Is the rental income account a Income statement or Balance sheet account?
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7. Is the carriage inwards account a Balance sheet or Income statement account?
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8. Is payroll a Balance sheet or Income statement account?
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9. Is cash a Income statement or Balance sheet account?
Wrong
Right!
10. Is leasehold property a Balance sheet or Income statement account?
Wrong
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Quiz 13: Balance Sheet or Income Statement Quiz December 14th, 2016Team

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