AAT L2 Double entry and digital bookkeeping recap quiz

Many businesses use a digital bookkeeping system. Which one of the following is NOT a digital bookkeeping system?

• Microsoft Excel spreadsheet

• PowerPoint

• Cloud based software such as Xero or Sage

• Sage desktop software

List three FEATURES of a digital bookkeeping system

List three BENEFITS of using a digital bookkeeping system

List three DRAWBACKS of a digital bookkeeping system

Are debits entries shown on the left or right hand side of an account?

• Left

• Right

Is a credit entry in the Bank Account (cash book) of the business money in or money out?

• Money in

• Money out

Is an expense recorded as a debit or credit in the general ledger?

• Debit

• Credit

Is an asset recorded as a debit or credit in the general ledger?

• Debit

• Credit

Is capital recorded as a debit or credit in the general ledger?

• Debit

• Credit

Are purchases recorded as a debit or credit in the general ledger?

• Debit

• Credit