Acct II Review - Beginning of 2nd Semester
Quiz
•
Business
•
12th Grade
•
Practice Problem
•
Hard
Amy Beetstra
Used 1+ times
FREE Resource
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the business writes a check to pay a cash amount it's recorded in which journal?
Purchases Journal
Cash payments Journal
Cash Receipts Journal
Sales Journal
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the business sells merchandise to customer and it's noted with a Sales Invoice and recorded in which journal?
Purchases Journal
Cash payments Journal
Cash Receipts Journal
Sales Journal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the business receives cash for payment of goods that were either previously purchased on accout or through their POS system, it's recorded where?
Purchases Journal
Cash payments Journal
Cash Receipts Journal
Sales Journal
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the business purchases merchandise using credit (on account) it will get recorded in which journal?
Purchases Journal
Cash payments Journal
Cash Receipts Journal
Sales Journal
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you want to increase an Asset account the amount will get recorded in which coloumn?
Debit Column
Credit Column
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you want to increase a Liability account the amount will get recorded in which column?
Debit Column
Credit Column
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you want to increase an Owner's Equity account the amount will get recorded in which column?
Debit Column
Credit Column
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