Accounting Equation

Accounting Equation

University

10 Qs

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Accounting Equation

Accounting Equation

Assessment

Quiz

Business

University

Hard

Created by

Ahmad Abidin

Used 106+ times

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10 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Start business with RM100,000 cash in hand

Cash increase RM100,000

Cash decrease RM100,000

Capital increase RM100,000

Capital decrease RM100,000

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Get a business loan from Maybank Islamic Bhd RM300,000

Cash at Bank increase RM300,000

Cash at Bank decrease RM300,000

Loan from Maybank Islamic increase RM300,000

Loan from Maybank Islamic decrease RM300,000

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Bought a business premise of RM150,000 by cash at Bank

Cash at Bank increase RM150,000

Cash at Bank decrease RM150,000

Premises increase RM150,000

Premises decrease RM150,000

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Bought office fixtures RM50,000 from Samson Bhd on credit

Office fixtures increase RM50,000

Samson Bhd increase RM50,000

Cash decrease RM50,000

Capital increase RM50,000

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Bought goods RM3,000 on cash from Bijak Sdn Bhd

Inventories increase RM3,000

Inventories decrease RM3,000

Cash decrease RM3,000

Bijak Sdn Bhd increase RM3,000

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Bought motor vehicle by loan from bank RM70,000

Motor Vehicle increase RM70,000

Motor Vehicle decrease RM70,000

Cash at Bank decrease RM70,000

Loan from Bank increase RM70,000

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Sold goods on credit RM500 to Muaz Trading

Cash increase RM500

Inventories increase RM500

Inventories decrease RM500

Muaz Trading increase RM500

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