EXAMINATION TEST 2026 QUESTIONS
WITH SOLUTIONS
◉ Prepaid Insurance. Answer: Asset
◉ Land. Answer: Asset
◉ Cash. Answer: Asset
◉ Accounts Receivable. Answer: Asset
◉ Building. Answer: Asset
◉ Equipment. Answer: Asset
◉ Unearned Revenue. Answer: Liability
◉ Accounts Payable. Answer: Liability
◉ Notes Payable. Answer: Liability