WorksheetsAnalysis of Business transaction
Total questions: 15
Worksheet time: 8mins
Sold good for cash, which account will be debited and which account will be credit
Debited cash account credit sales account
Debit sales account credit cash account
Debit cash account credit purchase account
Sold goods on credit to Mr Shankar, which account will be debited and which account will be credited
Debit Shankar account credit sales account
Debit sales account credit Shankar account
Debit Shankar account credit cash account
Purchase goods in cash from Mohanlal, which account will be debited and which account will be credited
Debit purchase account credit Mohanlal account
Debit Mohanlal account credit purchase account
Debit purchase account credit cash account
Purchase goods on credit from Sham, which account will be debited and which account will be credit
Debit purchase account credit cash account
Purchase account credit bank account
Debit purchase account credit Sham account
Ped salary to Raja, which account will be debited and which account will be credit
Debit salary credit cash
Debit salary credit Raja
Debit Raja credit salary
Purchase laptop from AK traders
Debit AK traders credit purchase
Debit purchase credit AK traders
Debit laptop credit AK traders
Paid electricity charges by cheque
Debit electricity charges credit cash
Debit bank credit electricity charges
Debit Electricity charges credit Bank
Paid 7000 to Amar on account, which account will be debited and which account will be credit
Debit Amar credit sales
Debit Amar credit cash
Credit cash debit customer
Which of the following is not an example of a Business Transaction?
a. A purchase of supplies or raw material
b. A sale of merchandise or services
c. Attending wedding ceremony
d. Payment of a bill in Accounts Payable
Which of the following is an example of a business transaction?
a. A purchase of a personal dress.
b. Payment of a home electricity bill.
c. Receipt of a personal gift from a friend.
.
d. Receipt of a payment for an Accounts Receivable.
Sold old furniture for cash which account will be debited and which account will be credit
Debit old furniture credit cash
Debit cash credit old furniture
Debit cash credit sales
Purchase a chair for business use, which account will be debited and which account will be credit
Debit cash credit chair
Debit furniture credit purchase
Debit furniture credit cash
Purchase a dog for security purpose of office which account will be debited and which account will be credit
Debit dog credit cash
Debit livestock credit cash
Debit cash credit lies stock
Purchase goods and in exchange gave old furniture, which account will be debited and which account will be credited
Debit purchase credit old furniture
Debit old furniture credit purchase
Debit goods credit sales
Purchase water cooler for personal use which account will be debited and which account will be credit
Debit water cooler credit cash
With water cooler credit purchase
Baby drawings credit cash
