Account Classification Challenge

Froggy Jumps

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Sobre esta actividad

Test your knowledge of accounting categories.

Creada por

Rebecca

Nueva Zelanda

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Froggy Jumps Account Classification ChallengeVersión en línea Test your knowledge of accounting categories. por Rebecca 1 What type of account is Bank a Equity b Asset c Liability 2 What type is account is a loan a Liability b Equity c Asset 3 What type of account involves the owners dealing with the business? a Assets b Equity c Liabilities 4 What type of account is stock? a Liability b Equity c Asset 5 What type of account is Accounts receivable? a Equity b Liability c Asset 6 What type of account is Accounts payable? a Assets b Liability c Equity 7 What two accounts are impacted by the owner investing cash into the business? a Capital and Stock b Bank and Stock c Bank and Capital 8 Which two accounts are impacted by the sale of stock for cash? a Stock and Accounts Receieveble b Stock and Equity c Stock and Bank 9 What two accounts are impacted by purchasing equipment on credit a Equipment and Bank b Equipment and Accounts Payable c Equipment and Accounts Receivable 10 What two accounts are affected by the sale of stock on credit a Stock and Accounts payable b Stock and Accounts Payable c Stock and Bank 11 What two accounts are impacted by the owner investing cash into the business a Stock and Capital b Bank and Loan c Bank and Capital 12 What two accounts are impacted by the Business taking out a bank loan a Loan and Bank b Loan and Accounts Receivable c Loan and Capital 13 What two accounts are impacted by the owner taking home stock for personal use a Equity and Stock b Equity and Bank c Stock and Accounts Receievebale 14 What is the correct Accounting Equation a A = L - EQ b A + L = EQ c A = L + EQ

Froggy Jumps

Account Classification ChallengeVersión en línea

Test your knowledge of accounting categories.

por Rebecca

What type of account is Bank

Equity

Asset

Liability

What type is account is a loan

Liability

Equity

Asset

What type of account involves the owners dealing with the business?

Assets

Equity

Liabilities

What type of account is stock?

Liability

Equity

Asset

What type of account is Accounts receivable?

Equity

Liability

Asset

What type of account is Accounts payable?

Assets

Liability

Equity

What two accounts are impacted by the owner investing cash into the business?

Capital and Stock

Bank and Stock

Bank and Capital

Which two accounts are impacted by the sale of stock for cash?

Stock and Accounts Receieveble

Stock and Equity

Stock and Bank

What two accounts are impacted by purchasing equipment on credit

Equipment and Bank

Equipment and Accounts Payable

Equipment and Accounts Receivable

What two accounts are affected by the sale of stock on credit

Stock and Accounts payable

Stock and Accounts Payable

Stock and Bank

What two accounts are impacted by the owner investing cash into the business

Stock and Capital

Bank and Loan

Bank and Capital

What two accounts are impacted by the Business taking out a bank loan

Loan and Bank

Loan and Accounts Receivable

Loan and Capital

What two accounts are impacted by the owner taking home stock for personal use

Equity and Stock

Equity and Bank

Stock and Accounts Receievebale

What is the correct Accounting Equation

A = L - EQ

A + L = EQ

A = L + EQ

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Account Classification Challenge

Froggy Jumps

Sobre esta actividad

Creada por

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Account Classification ChallengeVersión en línea

por Rebecca

What type of account is Bank

What type is account is a loan

What type of account involves the owners dealing with the business?

What type of account is stock?

What type of account is Accounts receivable?

What type of account is Accounts payable?

What two accounts are impacted by the owner investing cash into the business?

Which two accounts are impacted by the sale of stock for cash?

What two accounts are impacted by purchasing equipment on credit

What two accounts are affected by the sale of stock on credit

What two accounts are impacted by the owner investing cash into the business

What two accounts are impacted by the Business taking out a bank loan

What two accounts are impacted by the owner taking home stock for personal use

What is the correct Accounting Equation

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