Basic accounting procedures
Quiz
•
English
•
University
•
Practice Problem
•
Easy
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account is used to record selling expenses?
Account 642
Account 641
Account 635
Account 515
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cost does not belong to account 642?
Water expense of administrative department
Business license fee
Advertising expenses
Electricity expense of administrative department
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When calculating the salary to be paid to sales department, which account will be debited?
Account 334
Account 641
Account 515
Account 642
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When purchasing raw materials to add to stock, which account will be debited?
Account 112
Account 152
Account 331
Account 111
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which account is used to record revenue from financial activities?
Account 641
Account 635
Account 515
Account 811
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which cost is recorded in account 635?
Interest of loans expense
Selling expenses
Administrative expenses
Other expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When recording revenue from sales, which account will be credited?
Account 641
Account 511
Account 642
Account 515
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