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1. Which account group of the following contains the Depreciation of a business? Assets Liabilities (Owners') Equity Revenues Expenses 2. Which account group of the

1. Which account group of the following contains the "Depreciation" of a business?

Assets

Liabilities

(Owners') Equity

Revenues

Expenses

2. Which account group of the following contains Accrued Payroll Expenses?

Assets

Liabilities

(Owners') Equity

Revenues

Expenses

3. Which account group of the following indicates the amount that is claimed by the people who have invested into a company?

Assets

Liabilities

(Owners') Equity

Revenues

Expenses

4. Which of the following represents the amount of the services rendered and products delivered to customers?

Assets

Liabilities

(Owners') Equity

Revenues

Expenses

5. Which of the following represents the amount of services consumed by a business that have been rendered by other people or businesses?

Assets of the business

Liabilities of the business

(Owners') Equity of the business

Revenues of the business

Expenses of the business

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