HE 10 QUIZ 2
Authored by Melvin Riva
Education
10th Grade
Used 2+ times
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26 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Payment of Rent
Effects in Expenses Account:
INCREASING
DECREASING
NO EFFECTS
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Payment of Bank loan
Effects in Liability Account:
INCREASING
DECREASING
NO EFFECTS
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Collecting of Payment in rendered services
Effects in Income Account:
INCREASING
DECREASING
NO EFFECTS
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Investment through a bank loan.
Effects in Liability Account:
INCREASING
DECREASING
NO EFFECTS
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Cash Withdrawal
Effects in Asset Account:
INCREASING
DECREASING
NO EFFECTS
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Payment of Notes Payables
Effects in Liability Account:
INCREASING
DECREASING
NO EFFECTS
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Determine the effects of the following business transaction in the accounting accounts.
Investment land and Factory
Effects in Equity Account:
INCREASING
DECREASING
NO EFFECTS
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