Accounting Terms Quiz-1
Accounting Terms Quiz-1 Index => Accounting Terms Quiz-1 Quiz Show all questions <= => Which of the following is an example of a non-current asset that is not depreciated? ? Land held for future use ? Office Furniture ? Delivery Trucks ? Computer Equipment Which of the following is not a loose tool? ? Hammer ? Screwdriver ? An axe ? Wrench Which of the following is the correct definition of an entity? ? A thing or object in the real world that is distinguishable from all other objects. ? A set of data that is stored together in a database. ? A person, place, thing, or event that is represented in a database. ? A relationship between two or more entities. Which of the following is not an expenditure? ? Selling expenses ? Administrative expenses ? Cost of goods sold ? Interest expense Which of the following is NOT considered a non-current asset? ?