Chp 2 - Debit & Credit Rules ( Yes or No)

Chp 2 - Debit & Credit Rules ( Yes or No)

KG - Professional Development

15 Qs

quiz-placeholder

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Chp 2 - Debit & Credit Rules ( Yes or No)

Chp 2 - Debit & Credit Rules ( Yes or No)

Assessment

Quiz

Business

KG - Professional Development

Practice Problem

Medium

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chs225 limjoeyee_林兆毅_

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The proprietor brought in a book shelf which worth RM300 as additional capital.

Journal Entry:

Dr. Capital RM300

Cr. Furniture and Fittings RM300

Yes

No

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bank overdraft is considered as Liability.

Yes

No

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The owner bought a computer which worth RM3,000 from Ahmad Trading on credit.

Journal Entries:

Dr. Computer RM3,000

Cr. Account Payable - Ahmad Trading RM3,000

Yes

No

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The items below are considered as Assets:

Inventory

Property

Machinery

Cash at Bank

Yes

No

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Ali returned RM100 of faulty goods to Bernard.

In the books of Bernard, the journal entry should be:

Dr. Account Payable - Ali RM100

Cr. Returns Outwards RM100

Yes

No

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchases is an Expenses.

Yes

No

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the process of Bookkeeping, the following sequence is true:

Journal 👉 Ledger 👉 Trial Balance

Yes

No

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