Recording Transaction
Authored by Việt Nguyễn
Education
University
Used 89+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
1. Capital is paid into the bank by the owner?
Assets increase
Liabilities increase
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
2. Goods are purchased on credit terms?
Assets decrease
Liabilities increase
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
3. Goods are purchased for cash?
Liabilities increase and decrease
Assets increase and decrease
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
4. Equipment is sold for cash?
Assets increase and decrease
Assets and liabilities increase
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
5. An accounts payable is settled in cash?
Liabilities decrease
Liabilities increase
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
6. An accounts receivable is settled in cash?
Liabilities increase and decrease
Assets increase and decrease
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
7. The owner takes cash for personal use?
Equity increases
Assets decrease
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