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
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.
- Quiz 32: Inventory – Lower of Cost or Market Rule
- Quiz 45: Accounting Debit and Credit Quiz
- Quiz 8: Credit and Debit Quiz
- Quiz 20: Chart of Accounts Quiz
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.