WorksheetsJournal Entries
Total questions: 27
Worksheet time: 13mins
Debit accounts include
Capital
Liability
Assets
Expenses
A sale of goods to Raani for cash is debited to_______
Raani
Cash
Sales
A withdrawal of cash from business by the proprietor is credited to __________
Cash
Drawing
Capital
Business
Samir who trades in electronic goods,gifted a television to his daughter.Will it be recorded in the books of accounts.
Yes
No
Cash paid to Leena debited in to _______A/c
Cash
Leena
bank
Rent Outstanding have ________balance
Credit
Debit
A withdrawal of cash from business by the proprietor is credited to __________
Cash
Drawing
Capital
Business
A withdrawal of cash from business by the proprietor is credited to __________
Cash
Drawing
Capital
Business
"The owner invested cash BD100 in the business" Cr. side for this transaction is
Capital
Revenue
Drawings
Non of the answers
"Performed service BD60, and received BD20". Dr side of this transaction in journal entries is
Dr. Cash 20 and Dr. Account Receivable 40
Dr. Account Receivable 40 only
Dr. Account payable 40
Dr. Cash only
"Company purchased equipment for BD3000 cash" what is the Dr side for this transaction?
Equipment
Cash
Capital
Asset
"The Company paid cash BD20 to creditor". It recorded in the general journal
Dr. Account payable 20 , Cr. Cash 20
Dr. Cash 20, Cr. Account payable 20
Dr. Account Receivable 20, Cr. Cash 20
Dr. Cash 20, Cr. Account receivable 20
"Company received cash BD4,000 from customer, which was on account ". It recorded in the general journal
Dr. Cash 4000, Cr. Account Receivable 4000
Dr. Account Receivable 4000, Cr. Cash 4000
Dr. Account payable 4000, Cr. Cash 4000
None
Cr. side in journal entry is
Liability, Revenues, and Capital
Liability, Revenues, and Drawings
Assets, Revenues, and Capital
Liability, Expenses, and Capital
Normal Balance of Prepaid Insurance is
Dr. & Cr.
Cr. side
Dr. side
None of the answers
Decrease in account receivable
Account receivable will be recorded in ........... of the journal entry
Cr. side
Dr. side
Dr. & Cr.
None of the answers
A withdrawl of cash from business by the proprietor is credited to
Drawings A/c
Capital A/c
Cash A/c
None of these
Salaries due to the clerks i.e salaries outstanding Rs.50,000. The account to be credited is
Salaries A/c
Salaries outstanding A/c
Cash A/c
Clerks A/c
Paid Rs.2,500 for repairing the office furniture. The entry to be debited is
Repairs A/c
Furniture A/c
Wages A/c
Expenses A/c
Cr Capital
Cr Office eqmt
Cr Capital
Cr Cash at bank
Cr Cash in hand
Cr Cash at bank
Cr Cheque
Cr Rent expense
Cr Cash at bank
Cr Cash in hand
Cr Cash in hand
Cr Cash in hand
Cr Interest income
Cr Interest income
Cr Interest expense
Cr Cash at bank
Cr Cash at bank
Cr Drawings
Cr Own use
Cr Inventory
