Double entry

Double entry

Multiple Select

Choose the asset accounts from the following

• Creditors

• Debtors

• Cash

• Building

• Stock/Inventory

Multiple Select

Which of the following are liability accounts?

• Debtors

• Creditors

• Electricity payable

• Bank loan

• Cash

Multiple Select

Choose the options with the non current assets

• Building

• Cash

• Furniture

• Stock

Multiple Select

Which of the following falls under the category of non current liabilities

• Bank loan

• Creditors

• Furniture and fittings

• Stock

Multiple Select

Choose the answer options that cause equity to change

• Drawings

• Profit

• Cash

• Capital

Multiple Choice

Introduction is capital Rs.20 000.

• Cash a/c - Cr

  Capital a/c - Dr

• Purchase a/c - Dr

  Cash a/c - Cr

• Capital a/c - Cr

  Cash a/c - Dr

• Cash a/c - Dr

  Sal

Multiple Choice

Cash sales Rs.3000

• Cash a/c Dr

  Capital a/c Cr

• Cash a/c Dr

  Sales a/c Cr

• Cash a/c Cr

  Sales a/c Dr

• Capital a/c Dr

  Cash a/c Cr

Multiple Choice

Cash purchases Rs.5000

• Purchase a/c Dr

  Cash a/c Cr

• Cash a/c Dr

  Purchase a/c Cr

• Purchase a/c Dr

  Creditors a/c Cr

• Creditors a/c Dr

  Purchase a/c Cr

Multiple Choice

Bought goods on credit from supplier worth Rs.2500

• Purchase a/c Cr

  Creditors a/c Dr

• Purchase a/c Dr

  Cash a/c Cr

• Purchase a/c Dr

  Creditors a/c Cr

• Cash a/c Dr

  Purchase a/c Cr

Multiple Choice

Sold goods worth Rs. 4500 on credit

• Sales a/c Dr

  Debtors a/c Cr

• Cash a/c Dr

  Debtors a/c Cr

• Debtors a/c Dr

  Sales a/c Cr

• Sales a/c Dr

  Creditors a/c Cr

Multiple Choice

Paid Rs 500 to creditors

• Purchase a/c Dr

  Creditors a/c Cr

• Creditors a/c Dr

  Cash a/c Cr

• Cash a/c Dr

  Creditors a/c Cr

• Purchase a/c Dr

  Debtors a/c Cr

Multiple Choice

Paid electricity worth Rs.3000

• Electricity a/c Dr

  Creditors a/c Cr

• Cash a/c Dr

  Creditors a/c Cr

• Cash a/c Dr

  Electricity a/c Cr

• Electricity a/c Dr

  Cash a/c Cr

Multiple Choice

Received rent income Rs700

• Rent income a/c Dr

  Cash a/c Cr

• Cash a/c Dr

  Debtors a/c Cr

• Cash a/c Dr

  Rent income a/c Cr