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Froggy Jumps
Froggy Jumps

Accounting Equation

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Accounting Equation

Froggy Jumps

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Played 21

About this activity

A quick quiz on the accounting equation.

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New Zealand
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Accounting Equation
 

Froggy Jumps

Accounting EquationOnline version

A quick quiz on the accounting equation.

by Danielle Sutherland
1

What is the accounting equation?

2

Purchased stock with cash, what are the accounts in the transaction?

3

Which accounts are part of equity?

4

If assets rise by $1,000 and liabilities rise by $1,000, what happens to equity?

5

If an owner introduced funds to the business, what happens to Assets and Equity?

6

Which of the following is an asset?

7

What is a liability?

8

Accounts Receivable...

9

If an owner takes stock home for their own use, what are the accounts in the transaction?

10

If you buy stock on credit, what are the accounts in the transaction?

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