Accounting 200 -- Chart of accounts Questions with Detailed Verified Answers

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Accounting 200 -- Chart of accounts Questions
with Detailed Verified Answers


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


CASH
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


ACCOUNTS RECEIVABLE
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


ALLOWANCE FOR DOUBTFUL ACCOUNTS
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


INTEREST RECEIVABLE


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Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


INVENTORY
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


SUPPLIES
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


PREPAID INSURANCE
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.


PREPAID RENT
Ans: ASSETS


List whether the following is assets, liabilities, stockholder's equity, revenues, or
expenses.
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