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Practice Question on Double Entry

Total questions: 40

Worksheet time: 21mins

Name
Class
Date
1.

Bought office furniture by cheque $1500

a)

Credit Bank / Debit Office Furniture

b)

Debit Office Furniture/Credit Bank

2.

Bought motor van paying by cheque $6000

a)

Debit Motor Van/Credit Bank

b)

Debit Bank/ Credit Motor Van

3.

Paid the amount owing to Planers Ltd $7500 by cheque

a)

Debit Bank/Credit Planers Ltd.

b)

Debit Planers Ltd/ Credit Bank

4.

Received $600 cash from J. Walker

a)

Debit Cash / Credit J. Walker

b)

Debit J. Walker/Credit Cash

5.

Bought more machinery by cheque $2800

a)

Debit Bank/Credit Machinery

b)

Debit Machinery/Credit Bank

6.

Took $500 out of the bank and put it into the cash till.

a)

Debit Cash/Credit Bank

b)

Debit Bank/Credit Cash

7.

Sold office machinery for cash

a)

Debit Cash/Credit Office Machinery

b)

Debit Office Machinery/Credit Cash

8.

Put 14000 cash into the bank.

a)

Debit Cash/Credit Bank

b)

Debit Bank/Credit Cash

9.

The business owner, Jack invested $9000 into the business bank account. What is the double entry to record this transaction?

a)

Debit Bank and Credit Capital

b)

Debit Capital and Credit Bank

c)

Debit Capital and Credit Jack

d)

Debit Jack and Credit Bank

10.

Sold equipment by cash $700. What is the double entry to record this transaction?

a)

Debit Cash and Credit Sales

b)

Debit Cash and Credit Equipment

c)

Debit Equipment and Credit Cash

d)

Debit Sales and Credit Equipment

11.

Bought a computer by cash $2500. What is the double entry to record this transaction?

a)

Debit Computer and Credit Cash

b)

Debit Cash and Credit Computer

c)

Debit Cash and Credit Purchases

d)

Debit Purchases and Credit Cash

12.

Sold goods on credit to Mark. What is the double entry to record this transaction?

a)

Debit Cash and Credit Sales

b)

Debit Mark and Credit Sales

c)

Debit Sales and Credit Mark

d)

Debit Cash and Credit Sales

13.

Bought goods worth $4000 on credit from Ben. What is the double entry to record this transaction?

a)

Debit Purchases and Credit Cash

b)

Debit Cash and Credit Purchases

c)

Debit Ben and Credit Purchases

d)

Debit Purchases and Credit Ben

14.

Jack withdrew goods worth $500 from the business for his personal use. What is the double entry to record this transaction?

a)

Debit Goods and Credit Jack

b)

Debit Jack and Credit Drawings

c)

Debit Drawings and Credt Purchases

d)

Debit Purchases and Credit Drawings

15.

Bought computers worth $3000 on credit from Computers Ltd. What is the double entry to record this transaction?

a)

Debit Cash and Credit Computers

b)

Debit Computers and Credit Cash

c)

Debit Computers Ltd and Credit Computers

d)

Debit Computers and Credit Computers Ltd

16.

Sold old computers worth $1500 by cheque. What is the double entry to record this transaction?

a)

Debit Computers and Credit Cash

b)

Debit Computers and Credit Cheque

c)

Debit Bank and Credit Computers

d)

Debit Computers and Credit Bank

17.

Mark returned goods worth $40 to the business. What is the double entry to record this transaction?

a)

Debit Mark and Credit Sales Returns

b)

Debit Sales Returns and Credit Mark

c)

Debit Cash and Credit Mark

d)

Debit Mark and Credit Cash

18.

Returned goods worth $200 to Ben. What is the double entry to record this transaction?

a)

Debit Ben and Credit Purchases Return

b)

Debit Purchases Return and Credit Ben

c)

Debit Cash and Credit Purchases Return

d)

Debit Purchases Return and Credit Cash

19.

Paid the wages for the month $400 by cheque. What is the double entry to record this transaction?

a)

Debit Cheque and Credit Wages

b)

Debit Wages and Credit Bank

c)

Debit Wages and Credit Cheque

d)

Debit Bank and Credit Wages

20.

Rent received by cheque $500. What is the double entry to record this transaction?

a)

Debit Rent and Credit Cheque

b)

Debit Bank and Credit Rent received

c)

Debit Cheque and Debit Rent

d)

Debit Rent received and Credit Bank

21.
A place where financial information is recorded is called a / an
a)
account 
b)
transaction
c)
sales 
d)
purchases
22.
An action taken place by a business and the effect of this is measured in money is a
a)
transfer
b)
account
c)
transaction
d)
ledger
23.
The debit side is on which side of the account? 
a)
Left
b)
Right
24.
The credit side of an account is on the 
a)
left side
b)
right side
25.
We use the debit side of the account  to show
a)
Assets 
b)
liabilities
c)
gains
26.
Bills that we owe are 
a)
assets
b)
purchases
c)
liabilites
d)
wages
27.
Phone bills, wages and insurance are examples of 
a)
gains
b)
revenue
c)
capital
d)
expenses
28.
How a company or firm earns money through normal business activity is called 
a)
revenues
b)
capital
c)
accounting 
d)
wages
29.

The business owner, Jack invested $9000 into the business bank account. What is the double entry to record this transaction?

a)

Debit Bank and Credit Capital

b)

Debit Capital and Credit Bank

c)

Debit Capital and Credit Jack

d)

Debit Jack and Credit Bank

30.

Bought office furniture by cheque £1500

a)

Credit Bank / Debit Office Furniture

b)

Debit Office Furniture/Credit Bank

31.

Bought machinery £7500 on credit for Planer Ltd.

a)

Debit Planer Ltd./ Credit Machinery

b)

Debit Machinery/ Credit Planer

32.

Bought motor van paying by cheque £6000

a)

Debit Motor Van/Credit Bank

b)

Debit Bank/ Credit Motor Van

33.

Sold office machinery for cash

a)

Debit Cash/Credit Office Machinery

b)

Debit Office Machinery/Credit Cash

34.

Bought motor van paying by cheque $6000

a)

Debit Motor Van/Credit Bank

b)

Debit Bank/ Credit Motor Van

35.

Debit is always equal to credit.

a)

True

b)

False

36.

An increase in expense accounts is a

a)

Debit

b)

Credit

37.

An increase in Unearned Revenue is a

a)

Debit

b)

Credit

38.

Double entry in accounting means there must be________ entries for every transaction?

a)

two

b)

Three

c)

six

d)

one

39.

________ are debts of the business?

a)

assets

b)

liabilities

c)

owners equity

d)

vehicles

40.

Assets increase on the ________ side?

a)

subsidiary

b)

T-account

c)

credit

d)

debit