accounting classification quiz

Quiz 46: Accounting Classification Quiz

Test your knowledge of double entry bookkeeping with our accounting classification quiz.

If you need a refresher course on this topic you can view our basics of bookkeeping tutorials here, or review our glossary terms on the meanings of real accounts, personal accounts and nominal accounts.

Start the Accounting Classification Quiz

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

1. What is the account classification of the accounts receivable account?
Wrong
Right!
2. What is the account classification of the utility expenses account?
Right!
Wrong
3. What is the account classification of the wages payable account?
Right!
Wrong
4. What is the account classification of the dividend account?
Wrong
Right!

 

 

5.What is the account classification of the wages expense account?
Wrong
Right!
6. What is the account classification of the Mr Smith accounts payable account?
Right!
Wrong
7. What is the account classification of the petty cash account?
Wrong
Right!
8. What is the account classification of the retained earnings account?
Right!
Wrong
9. What is the account classification of the common stock account?
Right!
Wrong
10. What is the account classification of the service revenue account?
Right!
Wrong

 

 

 

 

Try Another Double Entry Bookkeeping Quiz

The accounting classification 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 September 26th, 2019 by Michael Brown

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 and has built financial models for 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 degree from Loughborough University.

You May Also Like

Posted By: Michael Brown
Bookkeeping Basics