double- entry book keeping : cash accounts

Quiz
•
Social Studies
•
11th - 12th Grade
•
Medium
Nina Pratami
Used 67+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Joey deposits his capital into the business bank account...
Capital (Dr)
Bank (Cr)
Bank (Dr)
Capital (Cr)
Joey Loan (Dr)
Capital (Cr)
Bank (Dr)
Joey Loan (Cr)
2.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Paid rent by debit card
Rent expense (Dr)
Bank (Cr)
Bank (Dr)
Rent expense (Cr)
Rent receivable (Dr)
Bank (Cr)
Bank (Dr)
Rent receivable (Cr)
3.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
Purchased cell phones for resale purposes
Sales (Dr)
Bank (Cr)
Bank (Dr)
Purchases (Cr)
Purchases (Dr)
Bank (Cr)
Bank (Dr)
Sales (Cr)
4.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Receieves the bank loan via bank transfer
Bank (Dr)
Capital (Cr)
Capital (Dr)
Bank Loan (Cr)
Bank Loan (Dr)
Bank (Cr)
Bank (Dr)
Bank Loan (Cr)
5.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Purchased Equipment and paid by cheque
Equipment (Dr)
Bank (Cr)
Purchases (Dr)
Bank (Cr)
Bank (Dr)
Sales (Cr)
Bank (Dr)
Purchases (Cr)
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Returned some damaged phones he head bought for resale purpose
Purchases Returns (Dr)
Bank (Dr)
Bank (Dr)
Purchases Returns (Cr)
Bank (Dr)
Cell phones (Cr)
Cell phones (Dr)
Bank ( Cr)
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
Bought Furniture for the shop by debit card
Bank (Dr)
Furniture (Cr)
Furniture (Dr)
Bank (Cr)
Purchases (Dr)
Bank (Cr)
Bank (Dr)
Purchases (Cr)
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