SI-Session 3 May
University
•12 Qs
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SI-Session 3 May
Quiz
•
Business
•
University
•
Practice Problem
•
Hard
Phillip Eck
Used 1K+ times
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12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are you guys keeping up with 1st year?
Great
Not good
Horrific
I will survive
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What will the closing balance be of the flightlist Golf Balls?
(Rounded to nearest thousand)
R39 000
R78 000
R38 000
R79 000
3.
FILL IN THE BLANK QUESTION
1 min • 2 pts
What will the adjustment journal entry affect?
DR Inventory and CR ______
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What will the insurance income amount be in the general journal?
R11 400
R14 100
R10 100
R10 000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will my NRV write down amount to on the inventory returned?
(2.4404*60000)
(2.4404-0.912)*400000
0.912*400000
6.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
What will my allowance for settlement discount amount to in this specific journal entry?
R0
R15 750
R157 500
R1575
7.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is my cost of sales amount for the year?
R1 711 854
R1 574 546
R1 628 934
R1 914 089
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