Multiple Choice Quiz: Basic Accounting Equation
Accounting Basics for Students10 Followers
Grade Levels
8th - 12th, Higher Education, Adult Education, Homeschool
Subjects
Resource Type
Formats Included
- Zip
Pages
6 pages
Accounting Basics for Students10 Followers
Description
A 10-15 minute multiple-choice quiz (9 questions in total) to test the student's understanding of the basic accounting equation.
The quiz tests the student on what constitutes an asset or liability, as well as what owner's equity means. It also tests them on the accounting equation itself as well as what the equation indicates in terms of the financial position of a business.
Note that this quiz does not cover income and expenses - just assets, liabilities and owner's equity.
Separate questions document and solutions document - both in editable doc format.
Solutions sheet includes full explanations of the correct answers.
Difficulty Rating: Beginner
Quiz length: 9 questions
Time limit: 10-15 minutes
Total Pages
6 pages
Answer Key
Included
Teaching Duration
1 hour
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10 Followers