Quiz 13: Balance Sheet or Income Statement Quiz

Take our online quiz to check out your knowledge of the chart of accounts used in double entry bookkeeping.

Not Ready for the Quiz?

If you need a refresher course on this topic you can view our tutorial on the chart of accounts here.

Start the Balance Sheet or Income Statement Quiz

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

1. Is the depreciation expense a Balance sheet or Income statement account?
Right!
Wrong
2. Is finished goods inventory a Balance sheet or Income statement account?
Right!
Wrong
3. Is accounts receivable a Income statement or Balance sheet account?
Right!
Wrong

 

4. Is the professional fees account a Balance sheet or Income statement account?
Right!
Wrong
5. Is accruals a Balance sheet or Income statement account?
Wrong
Right!
6. Is the rental income account a Income statement or Balance sheet account?
Right!
Wrong
7. Is the carriage inwards account a Balance sheet or Income statement account?
Wrong
Right!
8. Is payroll a Balance sheet or Income statement account?
Right!
Wrong
9. Is cash a Income statement or Balance sheet account?
Wrong
Right!
10. Is leasehold property a Balance sheet or Income statement account?
Wrong
Right!

Try Another Double Entry Bookkeeping Quiz

The balance sheet and income statement 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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