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WorksheetsDOUBLE ENTRY PART 2 (3E)
Total questions: 10
Worksheet time: 3mins
Name
Class
Date
1.
DR = + / CR = - . This applies to
a)
Asset/ Expenses
b)
Liabilities/ Income/ Equity
2.
ODD one out.
a)
cash in hand
b)
fixtures and fittings
c)
capital
d)
office equipment
3.
ODD one out
a)
advertising expense
b)
wages and salaries
c)
printing and stationery
d)
cash in hand
4.
NOT an income
a)
sales revenue
b)
rental expense
c)
rental income
d)
service fee revenue
5.
If my CASH IN HAND DEcrease = cash in hand
a)
DEBIT
b)
CREDIT
6.
I borrowed $10 000. LOAN
a)
INcrease
b)
DEcrease
7.
I borrowed $100. My CASH IN HAND
a)
DEbit
b)
CREdit
8.
I am a furniture seller. I bought furniture which is meant to be resold.
a)
Furniture +
b)
Inventory +
9.
I bought office equipment which is meant to be used in the office.
a)
Office equipment +
b)
Inventory +
10.
I bought inventory and will pay in 1 months time.
a)
Cash decrease NOW
b)
Cash NOT AFFECTED NOW
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