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WorksheetsDouble Entry
Total questions: 20
Worksheet time: 7mins
The business owner, Jack invested $9000 into the business bank account. What is the double entry to record this transaction?
Debit Bank and Credit Capital
Debit Capital and Credit Bank
Debit Capital and Credit Jack
Debit Jack and Credit Bank
Sold equipment by cash $700. What is the double entry to record this transaction?
Debit Cash and Credit Sales
Debit Cash and Credit Equipment
Debit Equipment and Credit Cash
Debit Sales and Credit Equipment
We use the debit side of the account to show increases in?
Assets
liabilities
gains
Bought goods worth $4000 on credit from Ben. What is the double entry to record this transaction?
Debit Purchases and Credit Cash
Debit Cash and Credit Purchases
Debit Ben and Credit Purchases
Debit Purchases and Credit Ben
Jack withdrew goods worth $500 from the business for his personal use. What is the double entry to record this transaction?
Debit Goods and Credit Jack
Debit Jack and Credit Drawings
Debit Drawings and Credt Purchases
Debit Purchases and Credit Drawings
Bought a computer by cash $2500. What is the double entry to record this transaction?
Debit Computer and Credit Cash
Debit Cash and Credit Computer
Debit Cash and Credit Purchases
Debit Purchases and Credit Cash
Which account would always be a credited?
Return outwards
Carriage inwards
Bank
Cash
Mark returned goods worth $40 to the business. What is the double entry to record this transaction?
Debit Mark and Credit Sales Returns
Debit Sales Returns and Credit Mark
Debit Cash and Credit Mark
Debit Mark and Credit Cash
Returned goods worth $200 to Ben. What is the double entry to record this transaction?
Debit Ben and Credit Purchases Return
Debit Purchases Return and Credit Ben
Debit Cash and Credit Purchases Return
Debit Purchases Return and Credit Cash
Sold old computers worth $1500 by cheque. What is the double entry to record this transaction?
Debit Computers and Credit Cash
Debit Computers and Credit Cheque
Debit Bank and Credit Computers
Debit Computers and Credit Bank
Paid the wages for the month $400 by cheque. What is the double entry to record this transaction?
Debit Cheque and Credit Wages
Debit Wages and Credit Bank
Debit Wages and Credit Cheque
Debit Bank and Credit Wages
Rent received by cheque $500. What is the double entry to record this transaction?
Debit Rent and Credit Cheque
Debit Bank and Credit Rent received
Debit Cheque and Debit Rent
Debit Rent received and Credit Bank
In double entry accounting transactions are recorded....
In terms of debits and credits.
In terms of Debits
In Terms of Credits
In no special terms
Revenue....
Increases on the Credit Side and decreases on the Debit Side
Increases on the Debit Side
Does not increase nor decrease
