
EMS0831
Authored by Woodridge Connect
Education, Other, Business
8th Grade

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The equipment and buildings of a business are classified as:
Assets
Liabilities
Receipts
Payments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets less liabilities equal:
Expenses
Income
Owner's Equity
Liabilities
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The source document used to record wages paid online in the Cash Payments Journal is:
Cash invoice
Deposit slip
Cash register slip
Bank statement
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The source document for the CRJ is a ___________.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which accounts are debited and credited if cash was received for cutting five client’s hair. The business charges R150 per haircut
Bank Credited and Current Income Debited
Bank Debited and Current Income Debited
Bank Credited and Current Income Credited
Bank Debited and Current Income Credited
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which accounts are debited and credited if wages were paid to three workers. They worked for eight hours each for three days. They get paid R50 an hour.
Wages Credited and Bank Debited
Wages Debited and Bank Debited
Wages Credited and Bank Credited
Wages Debited and Bank Credited
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which accounts are debited and credited if stationery was bought for the office: five pencils @ R2.50 each, sixty envelopes @ 0.50 each and one ream of paper @ R68.
Stationery Credited and Bank Credited
Stationery Debited and Bank Credited
Stationery Debited and Bank Debited
Stationery Credited and Bank Debited
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