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Worksheets

Account names

Total questions: 12

Worksheet time: 12mins

Name
Class
Date
1.

You sold 3 meals. The amount was paid with a debit card. Which accounts will be affected on your journal entry?

a)

Food sales

VAT

Bank

b)

Food costs

VAT

Bank

c)

Food sales

VAT

Petty Cash

d)

Food costs

VAT

Trade Payables

2.

You bought new pens and paper for your office. You paid in cash. Which accounts will be affected on your journal entry?

a)

Office supplies

VAT

Petty cash

b)

Office equipment

VAT

Petty cash

c)

Office equipment

VAT

Bank

d)

Kitchen supplies

VAT

Petty cash

3.

You sold drinks and sent the invoice to the customer. Which accounts will be affected on your journal entry?

a)

Drink sales

VAT

Bank

b)

Drink sales

VAT

Trades payable

c)

Drink sales

VAT

Trades receivable

d)

Drink sales

VAT

Petty cash

4.

You just received an invoice for a company car that you purchased. Which accounts will be affected on your journal entry?

a)

Vehicles

VAT

Trade payables

b)

Vehicle expenses

VAT

Trade receivables

c)

Vehicle expenses

VAT

Petty cash

d)

Vehicle expenses

VAT

Bank

5.

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?

a)

Room sales

Bank

Petty cash

b)

Room sales

Bank

Trade receivables

c)

Room sales

Trade receivables

Petty cash

d)

Room sales

Trade receivables

Trade payables

6.

You have 6 windows on your property repaired and pay with a debit card. Which accounts will be affected on your journal entry?

a)

Maintenance

VAT

Bank

b)

Equipment

VAT

Bank

c)

Maintenance

VAT

Trade payables

d)

Equipment

VAT

Bank

7.

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?

a)

Food inventory

VAT

Bank

b)

Food sales

VAT

Bank

c)

Food inventory

VAT

Trades payable

d)

Food inventory

VAT

Trades receivable

8.

You bought drinks from your vendor and paid in cash at the time of purchase. Which accounts will be affected on your journal entry?

a)

Beverage inventory

VAT

Petty cash

b)

Food inventory

VAT

Trade payables

c)

Beverage sales

VAT

Petty cash

d)

Drink inventory

VAT

Bank

9.

You purchased chairs and tables for your restaurant and just received the invoice. Which accounts will be affected on your journal entry?

a)

Equipment costs

VAT

Trade payables

b)

Restaurant supplies

VAT

Trade payables

c)

Restaurant inventory

VAT

Trade payables

d)

Maintenance

VAT

Trade payables

10.

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?

a)

Food sales

Beverage sales

Trade payables

b)

Food costs

Beverage costs

Trade receivables

c)

Food sales

Beverage sales

Trade receivables

d)

Food costs

Beverage costs

Trade payables

11.

You bought flowers and candles to decorate your restaurant and paid for them in cash. Which accounts will be affected on your journal entry?

a)

Restaurant equipment

VAT

Petty cash

b)

Decoration costs

VAT

Petty cash

c)

Maintenance costs

VAT

Petty cash

d)

Office supplies

VAT

Petty cash

12.

You received an invoice for your telephone bill this month. Which accounts will be affected on your journal entry?

a)

Telephone

VAT

Trade payables

b)

Telephone

VAT

Trade receivables

c)

Telephone

VAT

Loan

d)

Telephone

VAT

Bank