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Control Accounts (Purchases Control Account)
Quiz
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Other
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12th Grade
•
Medium
jason worrell
Used 125+ times
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7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side does payments to creditors belong?
Debit
Credit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side does credit purchases belong ?
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side does Returns Outwards belong?
Debit
Credit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side does interest on overdue accounts belong ?
Debit
Credit
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side Discount Received belong ?
Debit
Credit
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side does Refunds belong?
Debit
Credit
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which side does Dishonoured cheques belong ?
Debit
Credit
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