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DR + CR Quiz Level 3

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Business obtained a loan. The loan account will be:

a)

Debited

b)

Credited

c)

No effect

2.

The owner contributed a vehicle to the business. The cash account will be:

a)

Debited

b)

Credited

c)

No effect

3.

The business pays rent in advance. The rent account will be:

a)

Debited

b)

Credited

c)

No effect

4.

The business pays wages. The Wages account will be:

a)

Debited

b)

Credited

c)

No effect

5.

The business makes a sale. The GST Clearing account will be:

a)

Debited

b)

Credited

c)

No effect

6.

The business makes a sale. The Cost of Sales account will be:

a)

Debited

b)

Credited

c)

No effect

7.

The business pays Accounts Payable. The Accounts Payable account will be:

a)

Debited

b)

Credited

c)

No Effect

8.

The business makes credit sales. The Cash account will be:

a)

Debited

b)

Credited

c)

No effect

9.

The business bought furniture. The Furniture account will be:

a)

Debited

b)

Credited

c)

No effect

10.

The business paid interest. The Interest Expense account will be:

a)

Debited

b)

Credited

c)

No Effect