CRJ - Gr 8

What is the acronym for the Cash receipts journal?

• CRJ

• CRT

• EFT

• CRR

When the owners contributes money to the business it will be termed as?

• Capital

• Drawings

• Cash

• Income

When the business receives money from a tenant it will be termed as?

• Rent income

• Drawings

• Current income

• Rent

When the business receives money from a tenant it will be termed as?

• Rent income

• Drawings

• Current income

• Rent

When services are rendered it will be classified as?

• Rent income

• Servies rendered

• Current income

• Sales

When the business receives cash what will happen to the bank account?

• No effect

• Decrease

• Increase

Bank is seen as an?

• Asset

• Liability

• Income

• Expense

• Owners equity

The owner of the business increased his capital from

R120 000 to R200 000. How much is the owner contributing now?

• R120 000

• R200 000

• R80 000

The owner of the business increased his capital from

R120 000 to R200 000. How much is the owner contributing now?

• R120 000

• R200 000

• R80 000

The tenant paid the rent for two months. The monthly rent is R5 000 per month.

• R5 000

• R10 000

• R15 000