Acct II Review - Beginning of 2nd Semester

Acct II Review - Beginning of 2nd Semester

12th Grade

20 Qs

quiz-placeholder

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Acct II Review - Beginning of 2nd Semester

Acct II Review - Beginning of 2nd Semester

Assessment

Quiz

Business

12th Grade

Practice Problem

Hard

Created by

Amy Beetstra

Used 1+ times

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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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