Search Header Logo

- Matching Debit/Credit Notes: (+) Debit: Asset / Expenses (+)

Authored by Amalia Mohamad

Business

University

Used 1+ times

-	Matching Debit/Credit  Notes: (+) Debit: Asset / Expenses  (+)
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

15 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Purchase of Inventory on Credit:

    • Transaction: Your company buys RM2,000 worth of inventory on credit.

  1. Debit Inventory RM2,000

  1. Credit Inventory RM2,000

  1. Credit Accounts Payable RM2,000

  1. Debit Accounts Payable RM2,000

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Payment of Utility Bills in Cash:

    • Transaction: Your business pays RM300 for utility bills in cash.

  1. Debit Utility Expense RM300

  1. Credit Utility Expense RM300

  1. Debit Cash RM300

  1. Credit Cash RM300

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Sale of Goods on Credit:

    • Transaction: Your company sells RM5,000 worth of goods on credit to a customer.

  1. Credit Accounts Receivable RM5,000

  1. Debit Accounts Receivable RM5,000

  1. Credit Sales Revenue RM5,000

  1. Debit Sales Revenue RM5,000

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Receipt of Payment from Customer:

    • Transaction: A customer pays RM3,000 towards their outstanding invoice.

  1. Debit Cash RM3,000

  1. Credit Cash RM3,000

  1. Debit Accounts Receivable RM3,000

  1. Credit Accounts Receivable RM3,000

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Purchase of Office Supplies with Cash:

    • Transaction: Your company buys RM500 worth of office supplies with cash.

  1. Debit Office Supplies RM500

  1. Credit Office Supplies RM500

  1. Debit Cash RM500

  1. Credit Cash RM500

6.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Payment of Employee Salaries:

    • Transaction: Your company pays RM4,000 in salaries to employees.

Debit Salaries Expense RM4,000

Credit Salaries Expense RM4,000

  1. Debit Cash RM4,000

  1. Credit Cash RM4,000

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

  1. Borrowing from Bank:

    • Transaction: Your company takes out a loan of RM10,000 from the bank.

  1. Debit Cash RM10,000

  1. Credit Cash RM10,000

  1. Debit Notes Payable RM10,000

  1. Credit Notes Payable RM10,000

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?