WorksheetsTrading businesses
Total questions: 10
Worksheet time: 7mins
R1 100
R250
R275
R300
R450
R138,89
R200
R1 000
350 %
50%
100%
75%
On which side would you record a decrease in the bank account?
Debit
Credit
On which side would you record an increase in an expense account?
Debit
Credit
On which side would you record an increase in the capital account?
Debit
Credit
What would the two affected accounts be if a business received cash for rent?
Bank and Rent
Bank and Rent Income
Bank and Rent Expense
Debtors Control and Rent Income
Which of the following is correct when a business buys a computer for cash?
Debit Equipment, Debit Bank
Debit Equipment, Credit Bank
Debit Computer, Credit Bank
Debit Bank, Credit Computer
Which of the following is correct when a business buys a computer for cash?
Assets increase and Owner's equity decreases
Assets increase and Owner's equity increases
Assets increase and Assets decrease
Assets increase and Liabilities increase
Which of the following is correct when a business takes out a loan from the bank?
Debit Loan, Credit Bank
Credit Loan, Debit Bank
Credit Bank, Credit Loan
Debit Bank, Debit Loan
