Business
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Hard
ALFREDO CINCO
Used 10+ times
FREE Resource
Enhance your content in a minute
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. This type of discount is not recognized for accounting purposes because they are primarily used to establish pricing policy.
Cash discount
sales discount
Trade discount
sales return and allownces
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Sold merchandise to Ricardo Ricarte y Roxas de Silang con Rizal worth 5000.00. What will be your debit entry for this transaction.
Cash
Sales
Sales Return and allowances
Sales Discount
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5. Ricardo Ricarte y Silang con Rizal paid his obligation amounting to 10,000.00. In this transaction what is your credit entry?
Sales discount
sales
cash
Account Recievable
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Patricia Dimaculangan y Dimalampasan bought furniture for the Candy Store worth Php 25,000.00. in cash. How are you going to record this transaction?
Dr-Furniture
Cr-Cash
Dr- Cash
Cr- furniture
Dr - Cash
Cr - Capital
Dr- Furniture
Cr - Capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Mr. Donald Grey invested cash amounting to 30,000 for his Food Delivery Business. How are you going to journalize this transaction?
Dr - Capital
Cr - Cash
Dr - Cash 30000
Cr - Capital 30000
Dr - Cash
Cr - Sales
Dr - cash
Cr - Trade discount
Similar Resources on Wayground
10 questions
FP Obj 1.04 Stock
Quiz
•
9th - 12th Grade
10 questions
Borrowing products
Quiz
•
10th - 12th Grade
10 questions
Schumer Box
Quiz
•
9th - 12th Grade
10 questions
Marketing - Product
Quiz
•
10th - 12th Grade
10 questions
Customer Service Set M8
Quiz
•
9th - 12th Grade
10 questions
A2 Chapter 14: Statement of Cash Flows
Quiz
•
10th - 12th Grade
10 questions
Checking
Quiz
•
9th - 12th Grade
10 questions
Siklus Akuntansi Perusahaan Jasa
Quiz
•
10th Grade
Popular Resources on Wayground
25 questions
Multiplication Facts
Quiz
•
5th Grade
15 questions
4:3 Model Multiplication of Decimals by Whole Numbers
Quiz
•
5th Grade
10 questions
The Best Christmas Pageant Ever Chapters 1 & 2
Quiz
•
4th Grade
12 questions
Unit 4 Review Day
Quiz
•
3rd Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
15 questions
Solving Equations with Variables on Both Sides Review
Quiz
•
8th Grade
