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FABM1_Long Quiz

Quiz by Rosalinda Ruiz

Grade 11
Fundamentals of Accountancy, Business and Management 1
Philippines Curriculum: SHS Specialized Subjects (MELC)

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29 questions
Show answers
  • Q1

    Accounts Payable

    Non-Current Asset

    Non-Current Liability

    Current Asset

    Current Liability

    30s
  • Q2

    Accounts Receivable

    Non-Current Liability

    Current Liability

    Current Asset

    Non-Current Asset

    30s
  • Q3

    Fees Earned

    Income

    Current Asset

    Non-Current Asset

    Non-Current Liability

    30s
  • Q4

    K. Chang Drawing

    Owner's Equity

    Income

    Expense

    Liability

    30s
  • Q5

    Supplies

    Current Asset

    Non-Current Liability

    Liability

    Non-Current Asset

    30s
  • Q6

    Unearned Fees

    Current Asset

    Non-Current Asset

    Current Liability

    Non-Current Liability

    30s
  • Q7

    K. Chang Capital

    Income

    Owner's Equity

    Asset

    Liability

    30s
  • Q8

    Utilities Expense

    Income

    Asset

    Liability

    Expense

    30s
  • Q9

    Wages Payable

    Current Liability

    Non-Current Asset

    Current Asset

    Non-Current Liability

    30s
  • Q10

    Wages Expense

    Non-Current Asset

    Expense

    Current Asset

    Current Liability

    30s
  • Q11

    A form with left and right side

    Account Form

    Report Form

    30s
  • Q12

    A financial statement that contains the asset, liabilities, and owner's equity

    Income Statement

    Balance Sheet

    30s
  • Q13

    Is prepared to  facilitate the preparation of adjusting entries, financial statements, and closing entries

    Balance Sheet

    Financial Statement

    Worksheet

    30s
  • Q14

    An account that asset, liabilities, and owner's equity are in vertical order.

    Report Form

    Account Form

    30s
  • Q15

    It shows the financial condition of the business.

    Income Statement 

    Financial Statement

    Balance Sheet

    30s

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