So, you want to learn Bookkeeping! Merlin's Basic Accounting Quiz by Bean Counter's Dave Marshall Copyright ©-2007 Bean Counter

1. Which of the following is an asset account ? (a)    Cash (b)    Inventory (c)    Accounts Receivable (d)    All of the listed answers are an asset account 2. Which of the following is a liability account ? (a)    Equipment (b)    Cash (c)    Accounts Payable (d)    Owner's Equity 3. Which of the following is a revenue account ? (a)    Sales (b)    Inventory (c)    Accounts Receivable (d)    Salaries 4. Which of the following is an expense account ? (a)    Sales (b)    Janitorial Services (c)    Owner's Capital (d)    Accounts Payable 5. Which of the following is an equity account ? (a)    Owner's Capital (b)    Sales (c)    Notes Payable (d)    Cash