Question
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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