Accounts And Statements

Question 1

Where is asset reported on

Answer 1

Balance sheet

Question 2

Where is liability reported on

Answer 2

Balance sheet

Question 3

Where is equity reported on

Answer 3

Balance sheet

Question 4

Where is contributed equity (capital) reported on?

Answer 4

Balance sheet

Question 5

Where is retained earnings reported on?

Answer 5

Balance sheet
Statement of changes in equity

Question 6

Where is revenue reported on?

Answer 6

Income statement

Question 7

Where is expense reported on?

Answer 7

Income statement

Question 8

Where is dividends reported on?

Answer 8

Statement of changes in equity

Question 9

Whih category does accounts payable go on

Answer 9

Liability

Question 10

Which category does notes payable go on

Answer 10

Liability

Question 11

Which category does unearned revenue go on

Answer 11

Liability

Question 12

Which category does cash go on

Answer 12

Asset

Question 13

Which category does land go on

Answer 13

Asset

Question 14

Which category does supplies go on

Answer 14

Asset

Question 15

Which category does prepaid insurance go on

Answer 15

Asset

Question 16

Which category does equipment go on

Answer 16

Asset

Question 17

Which category does capital go on

Answer 17

Equity

Question 18

Which category does a contra account/drawing go on

Answer 18

Equity

Question 19

Which category does supplies expense go on

Answer 19

Expenses

Question 20

Which category does service revnue go on

Answer 20

Revenue

Question 21

Which category does depreciation go on

Answer 21

Expense

Question 22

Which category does commissions received go on

Answer 22

Revenue

Question 23

Which category does accrual accounts go on

Answer 23

Expenses

Question 24

Which category does salary payable go on?

Answer 24

Liability