DOUBLE ENTRY (3E) PART 3

DOUBLE ENTRY (3E) PART 3

12th Grade - University

10 Qs

quiz-placeholder

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DOUBLE ENTRY (3E) PART 3

DOUBLE ENTRY (3E) PART 3

Assessment

Quiz

Business

12th Grade - University

Practice Problem

Medium

Created by

norsiahsemuni norsiahsemuni

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

NOT true.

Double entry =

ONLY one debit entry and one credit entry

AT LEAST one debit entry and AT LEAST one credit entry

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Advertising EXPENSE INCREASE = ……….. advertising expense

DEBIT

CREDIT

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

CASH at bank DECREASE = ………. cash at bank

DEBIT

CREDIT

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

ODD one out

salaries

utilities

motor vehicle

rental expense

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

ODD one out

capital

motor vehicle

fixtures and fittings

inventory

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

when inventory is bought on CREDIT.

Inventory +

cash in hand -

trade payable +

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

trade PAYABLE =

asset

liability

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