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Types of Major Accounts

Quiz by Arjay Serrano

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Q 1/5
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It is the obligations of the company payable in money, goods or services.
29
Owner's Equity
Liabilities
Cash
Assets

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5 questions

Show answers

Q1
It is the obligations of the company payable in money, goods or services.
Owner's Equity
Liabilities
Cash
Assets
30s
Q2
These are non-current tangible assets.
Intangible Assets
Property,Plant and Equipment
Accounts Receivable
Notes Receivable
30s
Q3
These assets are identifiable,non-monetary assets without physical substance.
Liabilities
Assets
Owner's Equity
Intangible Assets
30s
Q4
It is the claim of the owner also known as the capital.
Owner's Equity
Prepaid Expense
Cash
Assets
30s
Q5
It is the most liquid assets and is the medium of exchange for business transactions.
Assets
Owner's Equity
Liabilities
Cash
30s

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