Identifying Accounts

Identifying Accounts

9th - 12th Grade

17 Qs

quiz-placeholder

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Identifying Accounts

Identifying Accounts

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

Sony M

Used 6+ times

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17 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Bought motor van on credit from Motor Industries valued at $12,000

Motor Van

Bank

Motor Industries

Purchases

Sales

2.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Mr. Dill returned goods to us $50

Return

Outwards

Mr. Dill

Purchases

Return

Inwards

Sales

3.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Withdrew $600 by cheque for personal use

Cash

Bank

Drawings

Capital

Sales

4.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Bought office fixtures from Export Limited $150

Purchases

Sales

Export

Limited

Office

Fixtures

Cash

5.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Purchased some additional equipment on credit for $4,000

Accounts

Recievable

Equipment

Bank

Accounts Payable

Purchases

6.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Purchased goods for resale and paid by cheque $1,200

Purchases

Sales

Goods

Cash

Bank

7.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

SELECT THE TWO ACCOUNTS: Sales on credit $440

Cash

Sales

Account

Payable

Bank

Account

Receivable

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