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Accounting rev

Authored by Woodridge Connect

Fun, Education, Other

8th Grade

Used 9+ times

Accounting rev
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equipment is a/an ______ account.

Liability

Owner's Equity

Asset

Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An agreement between a buyer and a seller to exchange something of value for money is known as.

Contract

Transaction

Handover

Asset

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following have a debit balance, except

Assets

Expenses

Drawings

Capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Increase on the debit side and decrease on credit

Expenses

Liability

Owners Equity

Assets

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

Complete the accounting cycle

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Assets and Liabilities of business are entered in this section of a trail balance.

Current account

Analysis of receipts

Balance sheet section

Owner's equity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A column in the Cash receipts journal that is used to record cash received for services rendered.

Assets

Analysis of receipts

Till slip

Balance sheet section

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