Senior 1 Book-keeping

Senior 1 Book-keeping

12th Grade

20 Qs

quiz-placeholder

Similar activities

BAT Chapter 3 Quiz

BAT Chapter 3 Quiz

12th Grade

20 Qs

ACCTG 26 MIDTERM EXAM THEORY

ACCTG 26 MIDTERM EXAM THEORY

12th Grade

15 Qs

Double Entry

Double Entry

9th - 12th Grade

20 Qs

QUIZCOM 2020 : ROUND 2

QUIZCOM 2020 : ROUND 2

12th Grade

20 Qs

ABM 2 QUIZ 3

ABM 2 QUIZ 3

12th Grade

15 Qs

Chp 2 - Debit & Credit Rules ( Yes or No)

Chp 2 - Debit & Credit Rules ( Yes or No)

KG - Professional Development

15 Qs

Bad Debts & Provision for Doubtful Debts

Bad Debts & Provision for Doubtful Debts

KG - Professional Development

20 Qs

Uncollectible Accounts

Uncollectible Accounts

9th - 12th Grade

22 Qs

Senior 1 Book-keeping

Senior 1 Book-keeping

Assessment

Quiz

Business

12th Grade

Medium

Created by

Chee Yong Chan

Used 6+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the amount of debts which are definitely uncollectible by a business?

Bad Debts

Bad Debts Recovered

Allowance for Doubtful Debts

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is created as an adjustment to anticipate possible losses?

Bad Debts

Bad Debts Recovered

Allowance for Doubtful Debts

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which is the double entry of Bad Debts?

Dr Bad Debts;

Cr Accounts Receivable

Dr Accounts Receivable;

Cr Bad Debts

Dr Bad Debts;

Cr Profit and Loss

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

How to record decrease in allowance for doubtful debts?

Dr Profit and Loss;

Cr Allowance for Doubtful Debts

Dr Allowance for Doubtful Debts;

Cr Profit and Loss

Dr Accounts Receivable;

Cr Allowance for Doubtful Debts

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following figures are obtained from a Trial Balance as at 31 December.

Year 1 Accounts Receivable RM10,000

Year 2 Accounts Receivable RM15,000

Calculate the increase of allowance for doubtful debts as at 31 December Year 2 if the business decides to charge 3% on the Accounts Receivable.

RM150

RM300

RM450

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the formula of straight-line method to calculate depreciation?

cost x %

carrying amount x %

(cost - accumulated depreciation) x %

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Assets which require repairs and maintenance usually adopt this method to calculate depreciation. What is the name of this method?

revaluation

straight-line

reducing balance

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?