Accounting IGCSE Sec 5 Exam 1st Sem 2020

Accounting IGCSE Sec 5 Exam 1st Sem 2020

11th - 12th Grade

35 Qs

quiz-placeholder

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Accounting IGCSE Sec 5 Exam 1st Sem 2020

Accounting IGCSE Sec 5 Exam 1st Sem 2020

Assessment

Quiz

Other, Business

11th - 12th Grade

Medium

Created by

Nazmi Sakeh

Used 16+ times

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35 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

I and II

I and III

II and IV

III and IV

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which task would an accountant perform?

Writing up the cash book

Drawing up a trial balance

Preparing financial statements

Entering transactions in the ledger

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Amina returned goods to Nadia.


Which documents did Amina issue?

Invoice

Debit note

Credit note

Statement of account

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Faraz buys and sells new and used motor vehicles.

He purchased a used motor vehicle from Tahir for $7000 which he paid by cheque.


How would Faraz record this transaction?

Dr : Motor vehicles

Cr : Bank

Dr : Motor vehicles

Cr : Tahir

Dr : Purchases

Cr : Bank

Dr : Purchases

Cr : Tahir

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

On 2 February she paid Suki, a credit supplier, $1950 by cheque, after deducting a cash discount of $50.


What was Kala’s capital after this transaction?

$50 400

$50 450

$52 350

$52 450

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which is an intangible asset?

Goodwill

Inventory

Office fixtures

Trade receivables

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Lisa returned goods previously purchased from Tara.


How did Tara record this?

Dr : Lisa

Cr : Purchases returns

Dr : Lisa

Cr : Sales returns

Dr : Purchases returns

Cr : Lisa

Dr : Sales returns

Cr : Lisa

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