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Total questions: 12
Worksheet time: 12mins
You sold 3 meals. The amount was paid with a debit card. Which accounts will be affected on your journal entry?
Food sales
VAT
Bank
Food costs
VAT
Bank
Food sales
VAT
Petty Cash
Food costs
VAT
Trade Payables
You bought new pens and paper for your office. You paid in cash. Which accounts will be affected on your journal entry?
Office supplies
VAT
Petty cash
Office equipment
VAT
Petty cash
Office equipment
VAT
Bank
Kitchen supplies
VAT
Petty cash
You sold drinks and sent the invoice to the customer. Which accounts will be affected on your journal entry?
Drink sales
VAT
Bank
Drink sales
VAT
Trades payable
Drink sales
VAT
Trades receivable
Drink sales
VAT
Petty cash
You just received an invoice for a company car that you purchased. Which accounts will be affected on your journal entry?
Vehicles
VAT
Trade payables
Vehicle expenses
VAT
Trade receivables
Vehicle expenses
VAT
Petty cash
Vehicle expenses
VAT
Bank
You sold 25 hotel rooms, of which 50% was paid in cash and the other 50% was paid with debit cards. Which accounts, besides VAT, will be affected on your journal entry?
Room sales
Bank
Petty cash
Room sales
Bank
Trade receivables
Room sales
Trade receivables
Petty cash
Room sales
Trade receivables
Trade payables
You have 6 windows on your property repaired and pay with a debit card. Which accounts will be affected on your journal entry?
Maintenance
VAT
Bank
Equipment
VAT
Bank
Maintenance
VAT
Trade payables
Equipment
VAT
Bank
You receive an invoice from the butcher for the beef and chicken you bought this week. Which accounts will be affected on your journal entry?
Food inventory
VAT
Bank
Food sales
VAT
Bank
Food inventory
VAT
Trades payable
Food inventory
VAT
Trades receivable
You bought drinks from your vendor and paid in cash at the time of purchase. Which accounts will be affected on your journal entry?
Beverage inventory
VAT
Petty cash
Food inventory
VAT
Trade payables
Beverage sales
VAT
Petty cash
Drink inventory
VAT
Bank
You purchased chairs and tables for your restaurant and just received the invoice. Which accounts will be affected on your journal entry?
Equipment costs
VAT
Trade payables
Restaurant supplies
VAT
Trade payables
Restaurant inventory
VAT
Trade payables
Maintenance
VAT
Trade payables
You sold meals and drinks for an event that you catered last weekend and sent an invoice to the customer. Which accounts (besides VAT) will be affected on your journal entry?
Food sales
Beverage sales
Trade payables
Food costs
Beverage costs
Trade receivables
Food sales
Beverage sales
Trade receivables
Food costs
Beverage costs
Trade payables
You bought flowers and candles to decorate your restaurant and paid for them in cash. Which accounts will be affected on your journal entry?
Restaurant equipment
VAT
Petty cash
Decoration costs
VAT
Petty cash
Maintenance costs
VAT
Petty cash
Office supplies
VAT
Petty cash
You received an invoice for your telephone bill this month. Which accounts will be affected on your journal entry?
Telephone
VAT
Trade payables
Telephone
VAT
Trade receivables
Telephone
VAT
Loan
Telephone
VAT
Bank
