Double Entry Bookeeping

Double Entry Bookeeping

University

15 Qs

quiz-placeholder

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Double Entry Bookeeping

Double Entry Bookeeping

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Ibtihaj Karim

Used 27+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchased goods on credit from ABC Suppliers for RM5,000.

What is the double entry of above transaction?

Debit - Accounts Payable,

Credit - Purchase

Debit - Purchases,

Credit - Accounts Payable

Debit - Cash,

Credit - Accounts Receivable

Debit - Accounts Receivable,

Credit - Cash

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sold goods for cash, totaling RM3,000.

What is the double entry of above transactions?

Debit - Cash,

Credit - Accounts Receivable

Debit - Accounts Payable,

Credit - Cash

Debit - Cash,

Credit - Sales

Debit - Sales,

Credit - Cash

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Paid rent of office for the month, RM1,200.

What is the double entry for above transaction?

Utilities Expense - Debit,

Accounts Receivable - Credit

Office Supplies - Debit,

Rent Payable - Credit

Rent Expense - Credit,

Cash - Debit

Rent Expense - Debit,

Cash - Credit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Bought office equipment on credit from XYZ Equipment Co., RM8,000.

What is the double entry of above transaction?

Debit - Accounts Payable,

Credit - Office Equipment

Debit - Office Equipment,

Credit - Accounts Payable

Debit - Office Supplies,

Credit - Accounts Payable

Debit - Cash,

Credit - Accounts Receivable

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Sold a portion of the office equipment for $2,500 cash.

What is the double entry of above transaction?

Credit - Cash,

Debit - Office Equipment

Credit - Sales,

Debit - Cash

Credit - Office Supplies,

Debit - Cash

Credit - Office Equipment,

Debit - Cash

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Discount received from supplier of RM40.

What is double entry of above transaction?

Debit - Account Payable,

Credit - Discount received

Debit - Discount Received,

Credit - Account Payable

Debit - Account Payable,

Credit - Purchase

Debit - Cash,

Credit - Discount received

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Paid repair of machinery of RM300 by cash.

What is the double entry of above transaction?

Debit - Machinery,

Credit - Machinery Repair Expense

Debit - Machinery Repair Expense,

Credit - Cash

Debit - Accounts Receivable,

Credit - Machinery Repair Expense

Debit - Machinery,

Credit - Cash

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