Identifying the account type (asset, liability, revenue, or expense), is an important part of the accounting transaction analysis process. Test your knowledge of double entry bookkeeping and accounting with our online account identification quiz.
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If you need a refresher course on this topic update your knowledge using our tutorial on the accounting transaction analysis process.
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Click on an answer to reveal whether its Right! or Wrong
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About the Author
Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years in all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.