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EMS0925

Authored by Woodridge Connect

Business, Education, Other

9th Grade

Used 2+ times

EMS0925
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Valuable possessions of the business is called________

Owner’s Equity

Assets

Capital

Liabilities

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A payment card that deducts money directly from a consumer's account when it is used.

Debit Card

Credit Card

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money or any other Assets taken by the owner from the business for person or family use is called ______

Capital

Fixed deposit

Drawings

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the owner contributes capital towards the business the transaction is recorded in the __________

Cash Payments Journal

Debtors Journal

Debtors Allowances Journal

Cash Receipts Journal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When someone rents a building from you and pays you rent income every month the transactions will be recorded in the _______

Debtors Journal

Cash Payments Journal

Cash Receipts Journal

Debtors Allowance Journal

6.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

An increase on the debit side (DR+) and decrease on the credit side (CR-)

(a)  

7.

FILL IN THE BLANKS QUESTION

1 min • 1 pt

An increases equity on the credit side (CR+)

(a)  

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