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double- entry book keeping : cash accounts

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Joey deposits his capital into the business bank account...

a)

Capital (Dr)

Bank (Cr)

b)

Bank (Dr)

Capital (Cr)

c)

Joey Loan (Dr)

Capital (Cr)

d)

Bank (Dr)

Joey Loan (Cr)

2.

Paid rent by debit card

a)

Rent expense (Dr)

Bank (Cr)

b)

Bank (Dr)

Rent expense (Cr)

c)

Rent receivable (Dr)

Bank (Cr)

d)

Bank (Dr)

Rent receivable (Cr)

3.

Purchased cell phones for resale purposes

a)

Sales (Dr)

Bank (Cr)

b)

Bank (Dr)

Purchases (Cr)

c)

Purchases (Dr)

Bank (Cr)

d)

Bank (Dr)

Sales (Cr)

4.

Receieves the bank loan via bank transfer

a)

Bank (Dr)

Capital (Cr)

b)

Capital (Dr)

Bank Loan (Cr)

c)

Bank Loan (Dr)

Bank (Cr)

d)

Bank (Dr)

Bank Loan (Cr)

5.

Purchased Equipment and paid by cheque

a)

Equipment (Dr)

Bank (Cr)

b)

Purchases (Dr)

Bank (Cr)

c)

Bank (Dr)

Sales (Cr)

d)

Bank (Dr)

Purchases (Cr)

6.

Returned some damaged phones he head bought for resale purpose

a)

Purchases Returns (Dr)

Bank (Dr)

b)

Bank (Dr)

Purchases Returns (Cr)

c)

Bank (Dr)

Cell phones (Cr)

d)

Cell phones (Dr)

Bank ( Cr)

7.

Bought Furniture for the shop by debit card

a)

Bank (Dr)

Furniture (Cr)

b)

Furniture (Dr)

Bank (Cr)

c)

Purchases (Dr)

Bank (Cr)

d)

Bank (Dr)

Purchases (Cr)

8.

Carriage inwards paid by debit card

a)

Capital (Dr)

Carriage inwards (Cr)

b)

Carriage inwards (Dr)

Capital (Cr)

c)

Bank (Dr)

Carriage Inwards (Cr)

d)

Carriage inwards (Dr)

Bank (Cr)

9.

Withdrew money from bank account for personal use

a)

Drawings (Dr)

Capital

b)

Drawings (Dr)

Bank (Cr)

c)

Bank (Dr)

Drawings (Cr)

d)

Capital (Dr)

Drawings (Cr)

10.

Receieved $ 1,000 by debit card from selling the goods

a)

Bank (Dr)

Capital (Cr)

b)

Bank (Dr)

Goods (Cr)

c)

Bank (Dr)

Sales (Cr)

d)

Sales (Dr)

Bank (Cr)