DOUBLE ENTRY (3E) PART 4

DOUBLE ENTRY (3E) PART 4

12th Grade - University

10 Qs

quiz-placeholder

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DOUBLE ENTRY (3E) PART 4

DOUBLE ENTRY (3E) PART 4

Assessment

Quiz

Business

12th Grade - University

Practice Problem

Medium

Created by

norsiahsemuni norsiahsemuni

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Owner contributed into business cash at bank.

DR cash at bank CR capital

DR capital

CR cash at bank

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Business bought a shelf to be resold. DR ............ CR cash in hand

DR inventory

DR fixtures and fittings

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Business bought a shelf to be used in business. DR ........... CR cash in hand

DR inventory

DR fixtures and fittings

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

When owner took out goods from the business for his own use. This is called

Drawings

Capital

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Drawings =

asset

expense

equity

CONTRA equity

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Owner took out cash from the business bank for OWN use. DR ............. CR cash at bank

Drawings

Cash in hand

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Owner took out cash from the business bank for BUSINESS use. DR ............ CR cash at bank

Drawings

Cash in hand

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