BORROWINGS PART 2
Authored by norsiahsemuni norsiahsemuni
Business
12th Grade - University
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
FIXED AMOUNT borrowed.
Loan
Bank overdraft
2.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When an overdraft is approved, cash at bank increase.
TRUE
FALSE
3.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
Long term borrowings =
Non-current liability
Current liability
4.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
CURRENT PORTION of long term borrowings
Non-current liability
Current liability
5.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When a LOAN is taken:
DR cash at bank CR loan
DR loan
CR cash at bank
6.
MULTIPLE CHOICE QUESTION
10 sec • 1 pt
When LOAN is REPAID back:
DR loan
CR cash at bank
DR cash at bank CR loan
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Bank balance = $200. Withdraw $2000. Bank overdraft =
$2200
$2000
$1800
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