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WorksheetsIdentifying Accounts
Total questions: 17
Worksheet time: 34mins
SELECT THE TWO ACCOUNTS: Bought motor van on credit from Motor Industries valued at $12,000
Motor Van
Bank
Motor Industries
Purchases
Sales
SELECT THE TWO ACCOUNTS: Mr. Dill returned goods to us $50
Return
Outwards
Mr. Dill
Purchases
Return
Inwards
Sales
SELECT THE TWO ACCOUNTS: Withdrew $600 by cheque for personal use
Cash
Bank
Drawings
Capital
Sales
SELECT THE TWO ACCOUNTS: Bought office fixtures from Export Limited $150
Purchases
Sales
Export
Limited
Office
Fixtures
Cash
SELECT THE TWO ACCOUNTS: Purchased some additional equipment on credit for $4,000
Accounts
Recievable
Equipment
Bank
Accounts Payable
Purchases
SELECT THE TWO ACCOUNTS: Purchased goods for resale and paid by cheque $1,200
Purchases
Sales
Goods
Cash
Bank
SELECT THE TWO ACCOUNTS: Sales on credit $440
Cash
Sales
Account
Payable
Bank
Account
Receivable
SELECT THE TWO ACCOUNTS: New fittings were purchased by cheque $1,400
Purchases
Bank
Cash
Fittings
Sales
SELECT THE TWO ACCOUNTS: Paid wages $2,000 in cash
Cash
Account
Payable
Purchases
Wages
Bank
SELECT THE TWO ACCOUNTS: Paid accounts payable $200 by cheque.
Cash
Account
Receivable
Bank
Purchases
Account
Payable
SELECT THE TWO ACCOUNTS: Sold some unwanted equipment, valued at $800 on credit
Account
Receivable
Bank
Sales
Account
Payable
Equipment
Transferred $200 cash into the bank
Cash: Debit, Bank: Credit
TRUE
FALSE
Paid insurance by cheque $180
Insurance: Debit, Bank: Credit
TRUE
FALSE
Judy withdrew $300 cash for personal use
Drawings: Debit, Cash: Credit
TRUE
FALSE
Paid an account payable $2,000 by cheque
Account Payable: Credit, Bank: Debit
TRUE
FALSE
An account receivable paid $700 in cash
Account receivable: Credit, Cash: Debit
TRUE
FALSE
Cash sales totalled $2,000
Cash: Debit, Sales: Credit
TRUE
FALSE
