Bingo on double entry and cash

Bingo on double entry and cash

By Wai Gee

Multiple Choice

Which is the format of a ledger account?

• Format A

• Format B

Multiple Choice

Which is the format of a trade payable account?

• Format A

• Format B

Multiple Choice

Sold goods on credit to Ong at a list price of $1 000 less 10% trade discount.

Ong returned goods at a list price of $200.

How much is sales returns?

• $100

• $180

• $200

• $1000

Multiple Choice

Format of Bank Reconciliation

Balance as per bank account

Add: deposits in transit

Less: cheques not yet presented

Adjusted balance as per cash at bank account.

• True

• False

Multiple Choice

Which is the correct journal entry for credit sale of goods?

• Format A

• Format B

Fill in the Blanks

One type of internal control over cash is

of duties.

Fill in the Blanks

Business return goods to credit supplier Lee.

What is the double entry?

Dr Trade payable - Lee

Cr

Fill in the Blanks

cheques are cheques rejected by the bank for payment.