
Intro to Bookkeeping
Authored by September Fox
Business
9th - 12th Grade
Used 25+ times

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43 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On which side do you enter a debit?
Right
Left
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is cash entered under?
Owner's Equity
Asset
Liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a journal entry contain?
Date, Entry Name, Reference, Ledger name, type of account
Date, Entry Name, Reference, Debit and Credit Entry, Explanation
Date, Entry Name, Title of Ledger, Account Name, Debit and Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The two main methods of bookkeeping are cash method and
Credit Method
Corporate Method
Accrual Method
Buy Now Pay Later Method
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Double Entry Bookkeeping mean?
You enter in the amount twice in the debits side.
You enter in the amount twice on the credit side.
You enter in both sides of the transaction so that the accounting equation balances.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What side does the credit go on a T Account?
Left Side
Right Side
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the book of original entry?
Journal
Ledger
The Bible
The T Account
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