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Worksheets

Bookeeping 2.3

Total questions: 16

Worksheet time: 10mins

Name
Class
Date
1.

You buy office furniture for $1000. Would this be a debit or credit in the furniture account?

a)

debit

b)

credit

2.

You buy office furniture for $1000. Would this be a debit or credit in the cash account?

a)

debit

b)

credit

3.

You bought $3000 in new products on credit to be sold. Would this be a debit or credit in the purchases account?

a)

debit

b)

credit

4.

You bought $3000 in new products on credit to be sold. Would this be a debit or credit in Accounts Payable?

a)

debit

b)

credit

5.

You sell $5000 worth of goods and received $5000 in cash. Would this be a debit or credit in Cash?

a)

debit

b)

credit

6.

You sell $5000 worth of goods and received $5000 in cash. Would this be a debit or credit in Sales?

a)

debit

b)

credit

7.

You sold $3000 worth of goods on store credit. Customers will pay you later. Because they are paying you later, which accounts do you enter this into?

a)

cash

b)

sales

c)

Accounts Receivable

d)

Accounts Payable

8.

You sold $3000 worth of goods on store credit. Customers will pay you later. Would this be a debit or credit in sales?

a)

debit

b)

credit

9.

You sold $3000 worth of goods on store credit. Customers will pay you later. Would this be a debit or credit in Accounts Receivable?

a)

debit

b)

credit

10.

You buy office supplies for $500 using a check. which accounts do you need to record this in?

a)

Office Supplies

b)

cash

c)

Accounts Receivable

d)

Accounts Payable

11.

You buy office supplies for $500 using a check. Would this be a debit or credit in Office Supplies?

a)

debit

b)

credit

12.

You buy office supplies for $500 using a check. Would this be a debit or credit in Cash?

a)

debit

b)

credit

13.

You buy office furniture for $1000 with your business debit card. Which 2 accounts would you record this in?

a)

furniture

b)

cash

c)

Accounts Receivable

d)

Accounts Payable

14.

You buy office furniture for $1000 with your business credit card. Which 2 accounts would you record this in?

a)

furniture

b)

cash

c)

Accounts Receivable

d)

Accounts Payable

15.

You bought $3000 in new products on credit to be sold. Which 2 accounts would you record this in?

a)

Purchases

b)

cash

c)

Sales

d)

Accounts Payable

16.

You sell $5000 worth of goods and received $5000 in cash. Which 2 accounts does this need to be recorded in?

a)

Sales

b)

Cash

c)

Purchases

d)

Accounts Payable