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WorksheetsDR + CR Quiz Level 3
Total questions: 10
Worksheet time: 5mins
Business obtained a loan. The loan account will be:
Debited
Credited
No effect
The owner contributed a vehicle to the business. The cash account will be:
Debited
Credited
No effect
The business pays rent in advance. The rent account will be:
Debited
Credited
No effect
The business pays wages. The Wages account will be:
Debited
Credited
No effect
The business makes a sale. The GST Clearing account will be:
Debited
Credited
No effect
The business makes a sale. The Cost of Sales account will be:
Debited
Credited
No effect
The business pays Accounts Payable. The Accounts Payable account will be:
Debited
Credited
No Effect
The business makes credit sales. The Cash account will be:
Debited
Credited
No effect
The business bought furniture. The Furniture account will be:
Debited
Credited
No effect
The business paid interest. The Interest Expense account will be:
Debited
Credited
No Effect
