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F4 Term 2 Accounts

Authored by Carissa Ramnarine

Business

11th Grade

Used 1+ times

F4 Term 2 Accounts
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Commission received is considered what type of account?

Expense

Revenue

Asset

Liability

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Bank overdraft is what type of account?

Asset

Revenue

Liability

Expense

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Sales belongs on which side of the trial balance?

Debit

Credit

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

What side of the trial balance does purchase returns belong?

Debit

Credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Capital goes on which side of the trial balance?

Debit

Credit

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

The balance of trade receivables goes on which side of the trial balance?

Debit

Credit

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

H. Lawrence a credit customer, would have an account in which Journal?

Sales journal

Purchase journal

Sales returns journal

General journal

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