From the list below, identify the items that could be found in the debit side of Realisation Account.
Accounting Quiz Year 2

Quiz
•
Social Studies
•
12th Grade
•
Medium
Nayli Khadijah
Used 1+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Discounts received
Loss on dissolution
Discounts allowed
The carrying amount of assets
Cost of dissolution
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
State three kinds of inventory generally held by a manufacturing business.
raw materials
transit inventory
work in progress
finished goods
pipeline inventory
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Choose two advantages of using the net present value (NPV) method for investment appraisal.
It takes into account cash flow which is more objective than profitability
It takes into account the distorted value of cash
It takes into account the time value of money
The life of the project is difficult to predict.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the total fixed overhead variance for September.
$ 840 Adverse
$1,000 Adverse
$1,000 Favourable
$ 840 Favourable
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Choose the disadvantages of using the accounting rate of return method.
ARR is simple to calculate.
Results can be compared to present profitability.
It does not recognise the timing of cash flows
It takes into account the aggregate earnings of the project(s)
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the name of the capital account of a club?
accumulated fund
retained earnings
current account
bank account
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Subscriptions in arrears is a current asset. True/False?
true
false
Create a free account and access millions of resources
Similar Resources on Quizizz
20 questions
Investing Vocab Review

Quiz
•
12th Grade
20 questions
Personal Finance Review

Quiz
•
12th Grade
18 questions
Chapter 21: The Government and Banking

Quiz
•
12th Grade
18 questions
Investing Review

Quiz
•
9th - 12th Grade
17 questions
E-Team #2

Quiz
•
4th Grade - University
15 questions
Saving and Investment Options

Quiz
•
12th Grade - University
14 questions
Financial Literacy Test (Chp #11-13)

Quiz
•
9th - 12th Grade
15 questions
Banks

Quiz
•
10th Grade - University
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Social Studies
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
65 questions
MegaQuiz v2 2025

Quiz
•
9th - 12th Grade
10 questions
GPA Lesson

Lesson
•
9th - 12th Grade
15 questions
SMART Goals

Quiz
•
8th - 12th Grade
45 questions
Week 3.5 Review: Set 1

Quiz
•
9th - 12th Grade