
TLE 3RD QE EXAMPLES
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Business, Specialty
9th Grade
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Tan, the owner of XYZ Enterprise, collected the receivable of business from a customer and deposited the amount collected to his personal account. To record this transaction, XYZ's accountant will
debit Cash and credit Tan, Capital
debit Tan, withdrawal and credit Accounts Receivable
debit Tan, Withdrawal and credit Cash
ignore this transaction.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mr. Chua, the owner of HIJ Enterprise, collected the receivable of business from a customer and deposited the amount collected to the business bank account. To record this transaction, HIJ's accountant will
ignore this transaction
debit Cash and credit Accounts Receivable
debit Tan, withdrawal and credit Accounts Receivable
debit Cash and credit Tan, Capital
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following transactions increases total assets?
Purchase of inventory through cash
Collection of accounts receivable
Payment of accounts payable
Infusion of capital by the owner
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1. Purchased supplies for cash. What accounting element being affected?
Increased in Asset Decreased in Asset
Increased in Liabilities
Decreased in Liabilities
Increased in OE and Decreased in OE
Increased in Asset Deceased in Asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2. Paid salary of employees.
Decreased in Owner's Equity
Increase in Assets
Decreased in Assets
Decreased in Owner's Equity
Increased in Liabilities Decreased in Assets
Increased in Owner's Equity Increased in Assets
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Bought computer set on account.
Increased in Assets
Increased in Liabilities
Increased in Assets
Decreased in Assets
Increased in Liabilities
Decreased in Liabilities
Increased in Assets
Increased in OE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4. Rendered service to customer on account.
Increased in Assets
Increased in OE
Increased in Assets
Decreased in OE
Increased in OE
Decreased in Assets
Increased in Liabilities
Decreased in Assets
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