Financial Accounting 1
Authored by Foo Aw
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University
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double entry of cash sales
Dr. Cash
Cr. Sales
Dr. Sales
Cr. Cash
Dr. Bank
Cr. Sales
Dr. Sales
Cr. Bank
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double entries of the business buying a van with cheque
Dr. Bank
Cr. Van
Dr. Van
Cr. Cash
Dr. Motor Vehicle
Cr. Bank
Dr. Motor Vehicle
Cr. Cash
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double entries of: an owner investing cash into the business and bank in the money to the bank
Dr. Owner
Cr. Bank
Dr. Bank
Cr. Owner
Dr. Cash
Cr. Capital
Dr. Bank
Cr. Capital
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double entries of selling goods on credit to Ali
Dr. Ali
Cr. Sales
Dr. Bank
Cr. Sales
Dr. Ali
Cr. Bank
Dr. Ali
Cr. Cash
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Double entries of buying goods with cash from Abu
Dr. Purchases
Cr. Abu
Dr. Purchases
Cr. Cash
Dr. Abu
Cr. Purchases
Dr. Cash
Cr. Purchases
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