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Identifying Accounts

Total questions: 17

Worksheet time: 34mins

Name
Class
Date
1.

SELECT THE TWO ACCOUNTS: Bought motor van on credit from Motor Industries valued at $12,000

a)

Motor Van

b)

Bank

c)

Motor Industries

d)

Purchases

e)

Sales

2.

SELECT THE TWO ACCOUNTS: Mr. Dill returned goods to us $50

a)

Return

Outwards

b)

Mr. Dill

c)

Purchases

d)

Return

Inwards

e)

Sales

3.

SELECT THE TWO ACCOUNTS: Withdrew $600 by cheque for personal use

a)

Cash

b)

Bank

c)

Drawings

d)

Capital

e)

Sales

4.

SELECT THE TWO ACCOUNTS: Bought office fixtures from Export Limited $150

a)

Purchases

b)

Sales

c)

Export

Limited

d)

Office

Fixtures

e)

Cash

5.

SELECT THE TWO ACCOUNTS: Purchased some additional equipment on credit for $4,000

a)

Accounts

Recievable

b)

Equipment

c)

Bank

d)

Accounts Payable

e)

Purchases

6.

SELECT THE TWO ACCOUNTS: Purchased goods for resale and paid by cheque $1,200

a)

Purchases

b)

Sales

c)

Goods

d)

Cash

e)

Bank

7.

SELECT THE TWO ACCOUNTS: Sales on credit $440

a)

Cash

b)

Sales

c)

Account

Payable

d)

Bank

e)

Account

Receivable

8.

SELECT THE TWO ACCOUNTS: New fittings were purchased by cheque $1,400

a)

Purchases

b)

Bank

c)

Cash

d)

Fittings

e)

Sales

9.

SELECT THE TWO ACCOUNTS: Paid wages $2,000 in cash

a)

Cash

b)

Account

Payable

c)

Purchases

d)

Wages

e)

Bank

10.

SELECT THE TWO ACCOUNTS: Paid accounts payable $200 by cheque.

a)

Cash

b)

Account

Receivable

c)

Bank

d)

Purchases

e)

Account

Payable

11.

SELECT THE TWO ACCOUNTS: Sold some unwanted equipment, valued at $800 on credit

a)

Account

Receivable

b)

Bank

c)

Sales

d)

Account

Payable

e)

Equipment

12.

Transferred $200 cash into the bank

Cash: Debit, Bank: Credit

a)

TRUE

b)

FALSE

13.

Paid insurance by cheque $180

Insurance: Debit, Bank: Credit

a)

TRUE

b)

FALSE

14.

Judy withdrew $300 cash for personal use

Drawings: Debit, Cash: Credit

a)

TRUE

b)

FALSE

15.

Paid an account payable $2,000 by cheque

Account Payable: Credit, Bank: Debit

a)

TRUE

b)

FALSE

16.

An account receivable paid $700 in cash

Account receivable: Credit, Cash: Debit

a)

TRUE

b)

FALSE

17.

Cash sales totalled $2,000

Cash: Debit, Sales: Credit

a)

TRUE

b)

FALSE