Double Entry book keeping

A place where financial information is recorded is called a / an

• account 
• transaction
• sales 
• purchases

An action taken place by a business and the effect of this is measured in money is a

• transfer
• account
• transaction
• ledger

P in PEARLS refers to what in accounting? 

• Promise
• Pinch
• Purchases
• Panic

The debit side is on which side of the account? 

• Left
• Right

The credit side of an account is on the 

• left side
• right side

We use the debit side of the account  to show

• Assets 
• liabilities
• gains

We use the credit side of the account to show

• assets
• expenses
• liabilities

Bills that we owe are 

• assets
• purchases
• liabilites
• wages

Phone bills, wages and insurance are examples of 

• gains
• revenue
• capital
• expenses

How a company or firm earns money through normal business activity is called 

• revenues
• capital
• accounting 
• wages