ACC 111 - Ch.! - Accounting in Action
Quiz by Sayed Hasan
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Measure skills
from any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
With a free account, teachers can
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
4 questions
Show answers
- Q1
Area company’s resources with future benefits- things a company owns or controls. Choose the correct anwers
OwnersEquity
Assets
Liabilities
30s - Q2
A Company’s obligations – an amount that a company owes
Owner's Equity
Liabilities
Asset
30s - Q3
Property rights- Claims of business owner
Owner's Equity
Asset
Liabilities
30s - Q4
What is the basic accounting equation??
Owner's Equity = Assets - Liabilities
Liabilities = Assets + Owner's Equity
Assets = Liabilities + Owner's Equity
30s