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WorksheetsDouble Entry Quiz
Total questions: 20
Worksheet time: 10mins
Every transaction must have at least ONE Debit and ONE Credit entry.
TRUE
FALSE
An asset account is increased with a _________.
debit
credit
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
Sold goods on credit to Mark. What is the double entry to record this transaction?
Debit Cash and Credit Sales
Debit Mark and Credit Sales
Debit Sales and Credit Mark
Debit Cash and Credit Sales
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
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
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
Started a business with $25000 cash
Debit Cash /Credit Capital
Credit Capital/Debit Cash
Bought office furniture by cheque $1500
Credit Bank / Debit Office Furniture
Debit Office Furniture/Credit Bank
Bought motor van paying by cheque $6000
Debit Motor Van/Credit Bank
Debit Bank/ Credit Motor Van
Paid the amount owing to Planers Ltd $7500 by cheque
Debit Bank/Credit Planers Ltd.
Debit Planers Ltd/ Credit Bank
Received $600 cash from J. Walker
Debit Cash / Credit J. Walker
Debit J. Walker/Credit Cash
Put 14000 cash into the bank.
Debit Cash/Credit Bank
Debit Bank/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
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
____________ represent anything owed by the business.
Asset
Liability
Capital
Expense
____________ represent any resources provided by the owner of a business
assets
liabilities
capital
income
Paid motor expenses by cheque.
Double entry:___________________________
Bank debited, Motor expenses credited
Motor expenses debited, Bank credited
Cash debited, Motor expenses credited
Motor vehicle debited, Bank credited
Paid rent by cheque.
Double entry :__________________
Rent account debited, Bank account credited
Bank account debited, Rent account credited
Rent receivable account debited, Bank account credited
Cash account debited, Rent receivables credited
