Quiz 34: Account Type

Identifying the account type (asset, liability, equity, 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 quiz.

Not Ready for the Account Transaction Type Quiz?

If you need a refresher course on this topic update your knowledge using our tutorial on the accounting transaction analysis process.

Start the Account Type Quiz

Click on an answer to reveal whether its Right! or Wrong

1. What account type is the cash account?
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Wrong
2. What type of account is the cost of sales account?
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3. What account type is a loan account?
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4. What type of account is the inventory account?
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5. What account type is the rent expense account?
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6. What type of account is the accounts payable account?
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7. What account type is the common stock account?
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Wrong
8. What account type is the accounts receivable account?
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9. What account type is the freehold building account?
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10. What account type is the sales account?
Wrong
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Right!

Try Another Double Entry Bookkeeping Quiz

This accounting quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

Last modified December 14th, 2016 by Team

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