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Types of Accounts in Accounting

Froggy Jumps

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Test your knowledge on accounting accounts!

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Philippines

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Types of Accounts in Accounting
 

Froggy Jumps

Types of Accounts in AccountingOnline version

Test your knowledge on accounting accounts!

by JIFFAMAE GELACIO
1

What is a type of account that records assets?

2

Which account type records expenses?

3

What account type increases with credits and decreases with debits?

4

Which account type represents owner’s equity?

5

Revenue accounts record what kind of transactions?

6

Which account type is used to track what the business owes?

7

What type of account is cash in hand classified as?

8

Which account type records the owner’s investments?

9

Expenses are recorded in which type of account?

10

What is the primary purpose of asset accounts?

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