Скачать или смотреть Quiz Time: Assets, Liabilities & Equity

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How well do you know Assets, Liabilities & Equity?

Try to classify these 5 accounts:

1. Is “Cash” an Asset, a Liability or an Equity account?
2. Is “Accounts Payable” an Asset, a Liability or an Equity account?
3. Is “Retained Earnings” an Asset, a Liability or an Equity account?
4. Is “Goodwill” an Asset, a Liability or an Equity account?
5. Is “Deferred Revenue” an Asset, a Liability or an Equity account?

Let me know how you scored in the comments.

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