Question 5

Accumulated depreciation is typically what kind of account in QuickBooks:

Select one:

a A subaccount of a liability account

b A subaccount of a current asset account

c An expense account

d A subaccount of a fixed asset account

Question 6 Match the information on the left with the appropriate account-type on the right:

a Advertising

b Revenue

c Building Loan

d Accounts Payable

e Inventory

f Delivery Truck

g Retained Earnings

Choose from the following for the above MCQ# 6

A Current liability

B Fixed asset

C Icncome

D cEquity

E Long term liability

F Current asset

G Expense