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Authored by Craig B
Business
11th - 12th Grade

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sale of goods to Raani for cash is debited to_______
Raani
Cash
Sales
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"The owner invested cash BD100 in the business" Cr. side for this transaction is
Capital
Revenue
Drawings
Non of the answers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Performed service BD60, and received BD20". Dr side of this transaction in journal entries is
Dr. Cash 20 and Dr. Account Receivable 40
Dr. Account Receivable 40 only
Dr. Account payable 40
Dr. Cash only
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Company purchased equipment for BD3000 cash" what is the Dr side for this transaction?
Equipment
Cash
Capital
Asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"The Company paid cash BD20 to creditor". It recorded in the general journal
Dr. Account payable 20 , Cr. Cash 20
Dr. Cash 20, Cr. Account payable 20
Dr. Account Receivable 20, Cr. Cash 20
Dr. Cash 20, Cr. Account receivable 20
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
"Company received cash BD4,000 from customer, which was on account ". It recorded in the general journal
Dr. Cash 4000, Cr. Account Receivable 4000
Dr. Account Receivable 4000, Cr. Cash 4000
Dr. Account payable 4000, Cr. Cash 4000
None
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cr. side in journal entry is
Liability, Revenues, and Capital
Liability, Revenues, and Drawings
Assets, Revenues, and Capital
Liability, Expenses, and Capital
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