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WorksheetsDEBIT & CREDIT
Total questions: 16
Worksheet time: 8mins
Increase in Cash
Debit
Credit
Decrease in Bank loans
Debit
Credit
Decrease in prepaid insurance
Debit
Credit
Increase in rent revenue
Debit
Credit
Decrease in salary payable
Debit
Credit
Increase in Accounts Payable
Debit
Credit
Increase in Salaries Expense
Debit
Credit
Decrease in prepaid insurance
Debit
Credit
Decrease in equipment
Debit
Credit
The owner takes supplies out of the business for personal use
Dr Drawing Cr. Cash
Dr. Supplies Cr. Drawing
Dr. Drawing Cr. Supplies
Dr. Capital Cr. Supplies
A business bought lorry on credit
Dr Vehicle Cr.Account Payable
Dr. Vehicle Cr. Account Receivable
Dr.Vehicle Cr. Bank
Dr. Vehicle Cr. Cash
Service performed on credit RM7,000
Dr Cash Cr. Service revenue
Dr Account Receivable Cr. Service revenue
Dr Account Payable Cr. Service revenue
Dr. Service expense Cr. Cash
Received cheque RM3,000 from debtor
Dr Cash Cr. Account payable
Dr. Account Receivable Cr. Bank
Dr. Bank Cr. Account Receivable
Dr Cash Cr. Account Receivable
Applying the Accounting Equation. Determine assets.
Liabilities= RM80,000
Capital/Owners' Equity=RM95,000
RM15,000
RM90,000
RM175,000
Modern Furnishing Ltd. bought 5 tables and 20 chairs for their office and paid by cheque. To record this transaction:
Dr. Bank Cr. Stock
Dr. Bank Cr. Furniture
Dr. Purchases Cr. Bank
Dr. Furniture Cr. Bank
An increase in which of the following account it will be recorded on the debit side?
Building account
Capital account
Bills payable account
Rent received account
