Financial Statement Balance Sheet Classification Quiz

Tell us whether the account is classified as an Asset (A), Liability (L) Equity (EQ) Account or an Income (I) or Expense (EX).
Quiz by michaelgtcpa
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Last updated: November 16, 2017
First submittedNovember 16, 2017
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Account
Category
Cash
Asset
Sales
Income
Repair and Maintenance
Expense
Office Expense
Expense
Common Stock
Equity
Goodwill
Asset
Paid in Capital
Equity
Accounts Payable
Liability
Loans to Shareholders
Asset
Utilities
Expense
Property Tax Payable
Liability
Propery Tax Paid
Expense
Pre Paid Expenses
Asset
Inventory
Asset
Depreciation
Expense
Account
Category
Retained Earnings
Equity
Deferred Income Tax
Liability
Property Plant Equipment
Asset
Refunds to Customers (Contra)
Income
Accumulated Depreciation (Contra)
Asset
Employee Future Benefits
Liability
Selling and Administrative
Expense
Other Losses
Expense
Interest Received
Income
Interest Payable
Liability
Interest Expense
Expense
Meals and Entertainment
Expense
Travel
Expense
Accounts Receivable
Asset
Loans from Shareholders
Liability
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