The Concept of Double Entry
Authored by Jie Ying Koh
Other
9th - 10th Grade
Used 8+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
25 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Owner contribute personal computer into the business.
Dr Cash at Bank Cr Capital
Dr Fixtures&Fittings Cr Capital
Dr Capital Cr Cash at Bank
Dr Capital Cr Fixtures&Fittings
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Owner withdrew cash from the business bank account for his personal use.
Dr Cash in Hand Cr Cash at Bank
Dr Capital Cr Cash at Bank
Dr Drawings Cr Cash at Bank
Dr Drawings Cr Cash in Hand
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Purchased goods and paid cash.
Dr Inventory Cr Cash in Hand
Dr Cash in Hand Cr Inventory
Dr Inventory Cr Cash at Bank
Dr Cash at Bank Cr Inventory
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Sold goods to Amy, on credit.
Dr Trade Receivable: Amy Cr Inventory
Dr Sales Revenue Cr Inventory
Dr Cash at Bank Cr Sales Revenue
Dr Trade Receivable: Amy Cr Sales Revenue
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Cost price of goods sold is $1000.
Dr Cost of Sales Cr Inventory
Dr Inventory Cr Cost of Sales
Dr Sales Revenue Cr Inventory
Dr Cost of Sales Cr Sales Revenue
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Paid for rent by cash.
Dr Cash in Hand Cr Rent Income
Dr Rent Expense Cr Cash at Bank
Dr Rent Expense Cr Cash in Hand
Dr Cash at Bank Cr Rent Income
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Owner deposited his personal cash into the business bank account.
Dr Cash in Hand Cr Cash at Bank
Dr Cash at Bank Cr Cash in Hand
Dr Cash at Bank Cr Capital
Dr Capital Cr Cash at Bank
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
