Double Entry Bookeeping
Authored by Ibtihaj Karim
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University
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15 questions
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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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