Identify the classification of account. And Choose the letter of the correct answer. Questions: 1. Other Revenue a. Assets b. Liabilities c. Equity d. Income e. Expense 2. Prepaid Rent a. Assets b. Liabilities c. Equity d. Income e. Expense 3. Allowance for Doubtful Accounts a. Assets b. Liabilities c. Equity d. Income e. Expense 4. Depreciation a. Assets b. Liabilities c. Equity d. Income e. Expense 5. Delivery Equipment a. Assets b. Liabilities c. Equity d. Income e. Expense 6. Used Shop Supplies a. Assets b. Liabilities c. Equity d. Income e. Expense 7. Utilities Expense a. Assets b. Liabilities c. Equity d. Income e. Expense 8. Salaries and Wages a. Assets b. Liabilities c. Equity d. Income e. Expense 9. Beverage Inventory a. Assets b. Liabilities c. Equity d. Income e. Expense 10. Uncollectible Account a. Assets b. Liabilities c. Equity d. Income e. Expense 11. Land a. Assets b. Liabilities c. Equity d. Income e. Expense 12. Accounts Receivable a. Assets b. Liabilities c. Equity d. Income e. Expense 13. Cash on Hand a. Assets b. Liabilities c. Equity d. Income e. Expense 14. Accrued Rent Income a. Assets b. Liabilities c. Equity d. Income e. Expense 15. Freight Out a. Assets b. Liabilities c. Equity d. Income e. Expense 16. Room Sales a. Assets b. Liabilities c. Equity d. Income e. Expense 17. Amora, Capital a. Assets b. Liabilities c. Equity d. Income e. Expense 18. Estimated Uncollectible Account a. Assets b. Liabilities c. Equity d. Income e. Expense 19. Food and Beverage Inventory a. Assets b. Liabilities c. Equity d. Income e. Expense 20. Amora, Drawing a. Assets b. Liabilities c. Equity d. Income e. Expense
TOPIC: Rules of Debit and Credit
Instruction: Identify the classification of account. And Choose the letter of the correct answer.
Questions:
1. Other Revenue
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
2. Prepaid Rent
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
3. Allowance for Doubtful Accounts
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
4. Depreciation
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
5. Delivery Equipment
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
6. Used Shop Supplies
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
7. Utilities Expense
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
8. Salaries and Wages
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
9. Beverage Inventory
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
10. Uncollectible Account
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
11. Land
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
12. Accounts Receivable
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
13. Cash on Hand
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
14. Accrued Rent Income
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
15. Freight Out
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
16. Room Sales
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
17. Amora, Capital
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
18. Estimated Uncollectible Account
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
19. Food and Beverage Inventory
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
20. Amora, Drawing
a. Assets
b. Liabilities
c. Equity
d. Income
e. Expense
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