Double-Entry Bookkeeping
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Double-Entry Bookkeeping
Quiz
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Business
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Professional Development
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Practice Problem
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Medium
Manoela Silva
Used 7+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resources the business owns and uses are...
Dividends
Assets
Liabilities
Equity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are dividends?
Cash paid for goods and services
Cash owners put into the business
Money owed to others
Cash distributed to owners
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are expenses?
Cash paid for goods and services
Money got from sales to customers
Cash owners put into the business
Money owed to others
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Liabilities are
Money owed to others
Money got from sales to customers
Resources the business owns and uses
Cash paid for goods and services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Equity means...
Cash paid for goods and services
Cash distributed to owners
Cash owners put into the business
Money got from sales to customers
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue means
Cash owners put into the business
Resources the business owns and uses
Money owed to others
Money got from sales to customers
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Examples of debits are...
Equity
Assets
Dividends
Expenses
8.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Examples of credit are...
Liabilities
Revenue
Equity
Assets
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