Five Major Accounting Titles Quiz

Froggy Jumps

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Test your knowledge of the five core accounting titles.

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Isagani Gomez

Philippines

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1	Isagani Gomez December 12, 2025	% 80	02:05

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Froggy Jumps Five Major Accounting Titles QuizOnline version Test your knowledge of the five core accounting titles. by Isagani Gomez 1 Which title represents what a company owns of value? a Liabilities b Equity c Assets 2 What title shows obligations owed to outsiders? a Liabilities b Assets c Revenue 3 Which title reflects owner claims after debts are paid? a Expenses b Revenue c Equity 4 Which title includes the company’s incoming resources from operations? a Revenue b Assets c Liabilities 5 Which title records the costs incurred to run the business? a Equity b Expenses c Revenue 6 In the accounting equation, which two titles balance assets? a Expenses and Liabilities b Assets and Revenues c Liabilities and Equity 7 Which title increases with external financing or owner investment? a Revenue b Equity c Expenses 8 Which title decreases with cost reductions or asset use? a Expenses b Equity c Assets 9 Which title is increased by earning revenue from sales? a Liabilities b Expenses c Revenue 10 Which title would appear on a balance sheet to show what is owned? a Revenue b Assets c Expenses

Froggy Jumps

Five Major Accounting Titles QuizOnline version

Test your knowledge of the five core accounting titles.

by Isagani Gomez

Which title represents what a company owns of value?

Liabilities

Equity

Assets

What title shows obligations owed to outsiders?

Liabilities

Assets

Revenue

Which title reflects owner claims after debts are paid?

Expenses

Revenue

Equity

Which title includes the company’s incoming resources from operations?

Revenue

Assets

Liabilities

Which title records the costs incurred to run the business?

Equity

Expenses

Revenue

In the accounting equation, which two titles balance assets?

Expenses and Liabilities

Assets and Revenues

Liabilities and Equity

Which title increases with external financing or owner investment?

Revenue

Equity

Expenses

Which title decreases with cost reductions or asset use?

Expenses

Equity

Assets

Which title is increased by earning revenue from sales?

Liabilities

Expenses

Revenue

Which title would appear on a balance sheet to show what is owned?

Revenue

Assets

Expenses

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Five Major Accounting Titles Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Five Major Accounting Titles QuizOnline version

by Isagani Gomez

Which title represents what a company owns of value?

What title shows obligations owed to outsiders?

Which title reflects owner claims after debts are paid?

Which title includes the company’s incoming resources from operations?

Which title records the costs incurred to run the business?

In the accounting equation, which two titles balance assets?

Which title increases with external financing or owner investment?

Which title decreases with cost reductions or asset use?

Which title is increased by earning revenue from sales?

Which title would appear on a balance sheet to show what is owned?

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