940414
Description
Quiz by Shannon Anderson-Rush, updated more than 1 year ago
|
Created by Shannon Anderson-Rush
over 10 years ago
|
|
Question 1
Question
A computer used by a business would be an asset.
Answer
- True
- False
Question 2
Question
An account used to summarize the owner's equity is the T account.
Answer
- True
- False
Question 3
Question
A decrease in the owner's equity is a resume of the owner withdrawing money from the business or an expense.
Answer
- True
- False
Question 4
Question
Money paid for advertising is an asset account because it will increase sales.
Answer
- True
- False
Question 5
Question
Sale of goods is a source of revenue for a business.
Answer
- True
- False
Want to create your own Quizzes for free with GoConqr? Learn more.