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WorksheetsYEAR 7 BUSINESS STUDIES WEEK 4 (MEQ) ASSESSMENT
Total questions: 20
Worksheet time: 10mins
Bought office furniture by cheque $1500
Credit Bank / Debit Office Furniture
Debit Office Furniture/Credit Bank
Bought motor van paying by cheque $6000
Debit Motor Van/Credit Bank
Debit Bank/ Credit Motor Van
Paid the amount owing to Planers Ltd $7500 by cheque
Debit Bank/Credit Planers Ltd.
Debit Planers Ltd/ Credit Bank
Received $600 cash from J. Walker
Debit Cash / Credit J. Walker
Debit J. Walker/Credit Cash
Bought more machinery by cheque $2800
Debit Bank/Credit Machinery
Debit Machinery/Credit Bank
Took $500 out of the bank and put it into the cash till.
Debit Cash/Credit Bank
Debit Bank/Credit Cash
Sold office machinery for cash
Debit Cash/Credit Office Machinery
Debit Office Machinery/Credit Cash
Put 14000 cash into the bank.
Debit Cash/Credit Bank
Debit Bank/Credit Cash
The business owner, Jack invested $9000 into the business bank account. What is the double entry to record this transaction?
Debit Bank and Credit Capital
Debit Capital and Credit Bank
Debit Capital and Credit Jack
Debit Jack and Credit Bank
Sold equipment by cash $700. What is the double entry to record this transaction?
Debit Cash and Credit Sales
Debit Cash and Credit Equipment
Debit Equipment and Credit Cash
Debit Sales and Credit Equipment
Bought a computer by cash $2500. What is the double entry to record this transaction?
Debit Computer and Credit Cash
Debit Cash and Credit Computer
Debit Cash and Credit Purchases
Debit Purchases and Credit Cash
Sold goods on credit to Mark. What is the double entry to record this transaction?
Debit Cash and Credit Sales
Debit Mark and Credit Sales
Debit Sales and Credit Mark
Debit Cash and Credit Sales
Bought goods worth $4000 on credit from Ben. What is the double entry to record this transaction?
Debit Purchases and Credit Cash
Debit Cash and Credit Purchases
Debit Ben and Credit Purchases
Debit Purchases and Credit Ben
Jack withdrew goods worth $500 from the business for his personal use. What is the double entry to record this transaction?
Debit Goods and Credit Jack
Debit Jack and Credit Drawings
Debit Drawings and Credt Purchases
Debit Purchases and Credit Drawings
Bought computers worth $3000 on credit from Computers Ltd. What is the double entry to record this transaction?
Debit Cash and Credit Computers
Debit Computers and Credit Cash
Debit Computers Ltd and Credit Computers
Debit Computers and Credit Computers Ltd
Sold old computers worth $1500 by cheque. What is the double entry to record this transaction?
Debit Computers and Credit Cash
Debit Computers and Credit Cheque
Debit Bank and Credit Computers
Debit Computers and Credit Bank
Mark returned goods worth $40 to the business. What is the double entry to record this transaction?
Debit Mark and Credit Sales Returns
Debit Sales Returns and Credit Mark
Debit Cash and Credit Mark
Debit Mark and Credit Cash
Returned goods worth $200 to Ben. What is the double entry to record this transaction?
Debit Ben and Credit Purchases Return
Debit Purchases Return and Credit Ben
Debit Cash and Credit Purchases Return
Debit Purchases Return and Credit Cash
Paid the wages for the month $400 by cheque. What is the double entry to record this transaction?
Debit Cheque and Credit Wages
Debit Wages and Credit Bank
Debit Wages and Credit Cheque
Debit Bank and Credit Wages
Rent received by cheque $500. What is the double entry to record this transaction?
Debit Rent and Credit Cheque
Debit Bank and Credit Rent received
Debit Cheque and Debit Rent
Debit Rent received and Credit Bank
