Accounting Quiz 3-2

You can only buy supplies for cash.

• True

• False

When you buy supplies on account you pay for them in cash at the moment of purchase.

• True

• False

Which two columns do you use when you pay cash for supplies?

• Sales and general

• General and cash

• Sales and cash

Which columns do you use when you buy supplies on account?

• Sales and general

• General and cash

• Sales and cash

• Only the general column

Which columns do you use when you pay cash for insurance?

• Sales and general

• General and cash

• Sales and cash

• Only the cash column

Which columns do you use when you pay cash on account?

• Sales and general

• General and cash

• Sales and cash

• Only the cash column