WorksheetsAccounting Quiz
Total questions: 10
Worksheet time: 10mins
Goods returned by Jonathan have not be recorded. This is corrected in:
Debtors ledger and Debtors list
Creditors ledger and creditors list
Debtors Journal
Creditors Journal
Corrections made in the reconciliation process would be recorded in which journal(s)
(a)
More stock was on hand than in the control account. Who am I?
Trading stock on hand
Trading stock deficit
Trading stock surplus
Trading stock
It's better to overstate expenses that to underestimate them.
Historical cost
Expense
Business entity
Prudence
Rent income was paid for 2 extra months
DR: Income receivable
DR: Income received in advance
CR: Income received in advance
CR: Income Receivable
Expenses that are not paid in full yet.
CR: Accrued Expenses
DR: Accrued Expenses
Cr: Prepaid expenses
DR: Prepaid expenses
Please show me I'm not wasting my time. What's an asset in the list?
Insurance
Prepaid expense
Trading stock surplus
Income received in advance
Where do we make our Trial Balance adjustments in tests and exams? Trick question
General Journal
Pre-adjustment Trial balance
Post-adjustment Trial balance
The respective journals
R35 000 in Rent Income was receive, this was for 14 months. How much was received in advance?
R5 000
R2 916
R2 500
R2 500
Who got the highest mark for the term 3 cycle test?
Lacy
Mo
Keanu
Emilio
