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WorksheetsBookeeping 2.3
Total questions: 16
Worksheet time: 10mins
You buy office furniture for $1000. Would this be a debit or credit in the furniture account?
debit
credit
You buy office furniture for $1000. Would this be a debit or credit in the cash account?
debit
credit
You bought $3000 in new products on credit to be sold. Would this be a debit or credit in the purchases account?
debit
credit
You bought $3000 in new products on credit to be sold. Would this be a debit or credit in Accounts Payable?
debit
credit
You sell $5000 worth of goods and received $5000 in cash. Would this be a debit or credit in Cash?
debit
credit
You sell $5000 worth of goods and received $5000 in cash. Would this be a debit or credit in Sales?
debit
credit
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?
cash
sales
Accounts Receivable
Accounts Payable
You sold $3000 worth of goods on store credit. Customers will pay you later. Would this be a debit or credit in sales?
debit
credit
You sold $3000 worth of goods on store credit. Customers will pay you later. Would this be a debit or credit in Accounts Receivable?
debit
credit
You buy office supplies for $500 using a check. which accounts do you need to record this in?
Office Supplies
cash
Accounts Receivable
Accounts Payable
You buy office supplies for $500 using a check. Would this be a debit or credit in Office Supplies?
debit
credit
You buy office supplies for $500 using a check. Would this be a debit or credit in Cash?
debit
credit
You buy office furniture for $1000 with your business debit card. Which 2 accounts would you record this in?
furniture
cash
Accounts Receivable
Accounts Payable
You buy office furniture for $1000 with your business credit card. Which 2 accounts would you record this in?
furniture
cash
Accounts Receivable
Accounts Payable
You bought $3000 in new products on credit to be sold. Which 2 accounts would you record this in?
Purchases
cash
Sales
Accounts Payable
You sell $5000 worth of goods and received $5000 in cash. Which 2 accounts does this need to be recorded in?
Sales
Cash
Purchases
Accounts Payable
