Ledger Accounting Quiz

Ledger Accounting Quiz

University

8 Qs

quiz-placeholder

Similar activities

Chapter 3 Effect of Transactions (Tutorial 2)

Chapter 3 Effect of Transactions (Tutorial 2)

University

11 Qs

The Recording Process

The Recording Process

University

10 Qs

BAD DEBTS AND DOUBTFUL DEBTS

BAD DEBTS AND DOUBTFUL DEBTS

University

10 Qs

Journal 1

Journal 1

University

7 Qs

04 Chapter 2 Recording transactions

04 Chapter 2 Recording transactions

University

10 Qs

QUIZZICAL SERIES - ACCOUNTING FOR MANAGEMENT

QUIZZICAL SERIES - ACCOUNTING FOR MANAGEMENT

University - Professional Development

10 Qs

Accounting for cash and receivable

Accounting for cash and receivable

University

10 Qs

General Ledger

General Ledger

University

10 Qs

Ledger Accounting Quiz

Ledger Accounting Quiz

Assessment

Quiz

Other

University

Medium

Created by

Hannah Page

Used 1+ times

FREE Resource

8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of ledger accounts?

To write up the accounting equation

To keep track of separate forms of income, expenses, assets, and liabilities

To balance off ledger accounts

To prepare an initial trial balance

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the skills required for ledger accounting?

Understanding your organization, accounting systems, and processes

Attention to detail

Personal effectiveness

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the mnemonic for increases to the ledger accounts?

DEAD CLIC

TLC

TYU

CH

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the debit side of a ledger account?

The left hand side

The right hand side

The top side

The bottom side

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the credit side of a ledger account?

The left hand side

The right hand side

The top side

The bottom side

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the double-entry for TLC buying 500 chocolate hearts and paying by cheque?

Debit: Purchases, Credit: Business bank account

Debit: Business bank account, Credit: Purchases

Debit: Trade payables, Credit: Business bank account

Debit: Business bank account, Credit: Trade payables

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the double-entry for TLC selling 200 red roses for £15 cash each?

Debit: Sales, Credit: Business bank account

Debit: Business bank account, Credit: Sales

Debit: Trade receivables, Credit: Business bank account

Debit: Business bank account, Credit: Trade receivables

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the double-entry for TLC receiving and paying a gas bill for £500?

Debit: Gas, Credit: Business bank account

Debit: Business bank account, Credit: Gas

Debit: Trade payables, Credit: Business bank account

Debit: Business bank account, Credit: Trade payables