FOA Recording Financial Transactions

FOA Recording Financial Transactions

Professional Development

8 Qs

quiz-placeholder

Similar activities

PRE-TEST PFA 2

PRE-TEST PFA 2

Professional Development

10 Qs

Pre Test Skill Up (Public)

Pre Test Skill Up (Public)

Professional Development

10 Qs

Pre Test Basic Modul 1 Jam

Pre Test Basic Modul 1 Jam

Professional Development

10 Qs

Investment Champion - Saham 091221

Investment Champion - Saham 091221

Professional Development

10 Qs

Post Test Basic Modul 1 Jam

Post Test Basic Modul 1 Jam

Professional Development

12 Qs

Quiz 9 - JSP_TalentNext

Quiz 9 - JSP_TalentNext

Professional Development

8 Qs

Perform Online Collaboration A

Perform Online Collaboration A

Professional Development

12 Qs

Pengangkutan - Pemerintah & Praktisi

Pengangkutan - Pemerintah & Praktisi

Professional Development

10 Qs

FOA Recording Financial Transactions

FOA Recording Financial Transactions

Assessment

Quiz

Professional Development

Professional Development

Practice Problem

Medium

Created by

Danevia Powell

Used 3+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Assets, liabilities and equity are fundamental elements of accounting

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An increase in an asset results in a credit to the asset account

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

An increase in a liability results in a credit to the liability account.

True

False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

There are two types of inventory systems for recording the movement of inventories

True

False

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Identify the three broad categories of accounts.

Nominal Accounts

Internal Accounts

Personal Accounts

Real Accounts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A journal is considered to be a book of original entry

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Based on the following transaction, identify the accounts that would be affected by: Started a business with Motor Van

Motor Van, Cash

Motor Van, Capital

Motor Van, Bank

Motor Van, Loan

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Based on the following transaction, identify the accounts that would be affected by: Received loan from BICB, received a cheque

Bank, Cash

Loan, Cash

Loan, Bank