General Journal & Ledger
Authored by Melinda Grummet
Financial Education
11th Grade
Used 1+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cash, Debtors (Accounts receivable) & Land are what type of accounts?
Assets (Dr)
Liabilities (Cr)
Expenses (Dr)
Equity (Cr)
Revenue (Cr)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Loans, Creditors (Accounts payable) & Bank overdraft are what type of accounts?
Assets (Dr)
Liabilities (Cr)
Expenses (Dr)
Equity (Cr)
Revenue (Cr)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Wages, Rent & Telephone are what type of accounts?
Assets (Dr)
Liabilities (Cr)
Expenses (Dr)
Equity (Cr)
Revenue (Cr)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sales, Fees received & interest received are what type of accounts?
Assets (Dr)
Liabilities (Cr)
Expenses (Dr)
Equity (Cr)
Revenue (Cr)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital is what type of account?
Assets (Dr)
Liabilities (Cr)
Expenses (Dr)
Equity (Cr)
Revenue (Cr)
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
The owner introduced $30,000 into the business. Identify the two accounts affected
Capital (Eq)
Cash at Bank (A)
Accounts Receivable (A)
Loan (L)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The owner introduced $30,000 into the business. Identify the account that will record a credit transaction
Capital (Eq)
Cash at Bank (A)
Accounts Receivable (A)
Loan (L)
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
