Quiz 20: Chart of Accounts Quiz

A chart of accounts is a listing of all the accounts in a general ledger. Each account needs to be classified as either asset, liability, equity, revenue, or expense.

Take our chart of accounts quiz to check out your knowledge of the chart of accounts used in mdct.ru.

Not Ready for the Chart of Accounts Quiz?

If you need a refresher course on this topic take a look at our chart of accounts tutorial.

Start the Chart of Accounts Quiz

Click on an answer to reveal whether its Right! or Wrong

1. What type of account is the rental income account?
Wrong
Right!
Wrong
2. What type of account is the cash account?
Right!
Wrong
Wrong
3. What type of account is the accounts receivable account?
Wrong
Right!
Wrong

4. What type of account is the income tax payable account?
Wrong
Wrong
Right!
5. What type of account is the common stock account?
Wrong
Wrong
Right!
6. What type of account is the retained earnings account?
Right!
Wrong
Wrong
7. What type of account is the utilities cost account?
Wrong
Right!
Wrong
8. What type of account is the depreciation account?
Right!
Wrong
Wrong
9. What type of account is the unearned revenue account?
Right!
Wrong
Wrong
10. What type of account is the accumulated depreciation account?
Wrong
Wrong
Right!

Try Another mdct.ru Quiz

The chart of accounts quiz is one of many of our online quizzes which can be used to test your knowledge of mdct.ru, discover another at the links below.

Quiz 20: Chart of Accounts Quiz December 14th, 2016Team

You May Also Like


Related pages


perpetuity present valuecontinuous compounding rateblank bank reconciliation formbank reconciliation statement formatadjusting entry depreciationexplain fifo methodbank reconciliation statement easy methodaccounts receivable turnover dayswhat is accounts receivable factoringpv of annuity factorfob terms shippingmirr functionconvertible bonds accountingperpetual and periodic inventory systems examplespresent value of future cash flows excelnpv formula in excelpayback equationreserve for bad debts journal entrylabour costing in cost accountingwhat is stockholders equity in accountingwhat is factory overheadelectricity expense journal entryunearned service revenue journal entrydiscuss the accounting cycleperpetual accounting systemmargin and markup differenceremittance accountingaccruals double entryaccounting temporary accountswhat is factory overheadhow to calculate retail markup percentageaccounting templates in excelwhat is the formula for predetermined overhead rateexcel formula mortgageannuity due examplesdeferral adjusting entrysingle entry ledger bookcalculating annuities dueaccelerated depreciation exampleequity ratioshow to calculate direct material price varianceequation for quick ratiolink between balance sheet and income statementadjusting entries accrued expensesjournal entries for fixed assets and depreciationdouble entry for fixed assetscontribution margin and fixed costsconsignment goods accountingpurchase accounting journal entrieswhat is inventory shrinkagepresent future value formulafob origin freight collectannuity table present valuesegment margin formuladiscounted cash flow excel formulabookkeeping defgeneral ledger paperstraight line depreciation calculator excelcalculating reducing balance depreciationvoucher format in wordamortization chart excelcost of ending inventory formulacash book excel sheetinventory and cost of goods sold journal entryabsorption costing equationpayback periodsproduct costing formulaannuity factor table excelnormal balance of assetssub ledgersaccount receivable turnover definitionmarkup percentage calculatorar turnover ratio formulapremium bonds payable