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WorksheetsRevision of basics (Part 2)
Total questions: 60
Worksheet time: 10mins
Name
Class
Date
1.
Sales revenue
a)
(+/-)
b)
(-/+)
2.
Trade receivables
a)
(+/-)
b)
(-/+)
3.
Repair income
a)
(+/-)
b)
(-/+)
4.
Inventory
a)
(+/-)
b)
(-/+)
5.
Discount received
a)
(+/-)
b)
(-/+)
6.
Sales returns
a)
(+/-)
b)
(-/+)
7.
Properties
a)
(+/-)
b)
(-/+)
8.
Long-term borrowings
a)
(+/-)
b)
(-/+)
9.
Drawings
a)
(+/-)
b)
(-/+)
10.
Fixtures and fittings
a)
(+/-)
b)
(-/+)
11.
Expense payables
a)
(+/-)
b)
(-/+)
12.
Office equipment
a)
(+/-)
b)
(-/+)
13.
Salaries expense
a)
(+/-)
b)
(-/+)
14.
Bank overdraft
a)
(+/-)
b)
(-/+)
15.
Income receivables
a)
(+/-)
b)
(-/+)
16.
Rental ($500 Cr)
a)
(+/-)
b)
(-/+)
17.
Cash at bank
a)
(+/-)
b)
(-/+)
18.
Motor vehicles
a)
(+/-)
b)
(-/+)
19.
Cost of sales
a)
(+/-)
b)
(-/+)
20.
Current portion of long-term borrowings
a)
(+/-)
b)
(-/+)
21.
Interest on loan
a)
(+/-)
b)
(-/+)
22.
Cash in hand
a)
(+/-)
b)
(-/+)
23.
Income received in advance
a)
(+/-)
b)
(-/+)
24.
Prepaid expenses
a)
(+/-)
b)
(-/+)
25.
Commission ($600 Dr)
a)
(+/-)
b)
(-/+)
26.
Interest on deposit
a)
(+/-)
b)
(-/+)
27.
Capital
a)
(+/-)
b)
(-/+)
28.
Discount allowed
a)
(+/-)
b)
(-/+)
29.
Service fee revenue
a)
(+/-)
b)
(-/+)
30.
Trade payables
a)
(+/-)
b)
(-/+)
31.
Sales revenue
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
32.
Trade receivables
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
33.
Repair income
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
34.
Inventory
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
35.
Discount received
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
36.
Sales returns
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
37.
Properties
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
38.
Long-term borrowings
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
39.
Fixtures and fittings
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
40.
Expense payables
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
41.
Office equipment
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
42.
Salaries expense
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
43.
Bank overdraft
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
44.
Income receivables
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
45.
Rental ($500 Cr)
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
46.
Cash at bank
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
47.
Motor vehicles
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
48.
Cost of sales
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
49.
Current portion of long-term borrowings
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
50.
Interest on loan
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
51.
Cash in hand
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
52.
Income received in advance
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
53.
Prepaid expenses
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
54.
Commission ($600 Dr)
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
55.
Interest on deposit
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
56.
Capital
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
57.
Discount allowed
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
58.
Service fee revenue
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
59.
Trade payables
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
60.
Drawings
a)
Income
b)
Expense
c)
Assets
d)
Equity
e)
Liabilities
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