Double entry Dead Clic review

Rent paid is what kind of balance in DEAD CLIC?

• Assets

• Liabilities

• Incomes

• Expenses

Rent Received is what kind of balance in DEAD CLIC?

• Assets

• Liabilities

• Incomes

• Expenses

Loan is what kind of balance in DEAD CLIC?

• Assets

• Liabilities

• Incomes

• Expenses

Machinery is what kind of balance in DEAD CLIC?

• Assets

• Liabilities

• Incomes

• Expenses

An owner invests capital in the business of £10 000 what is the double entry bookkeeping for this transaction?

• DR Capital CR Bank

• DR Bank CR Capital

• DR Bank CR Drawings

• DR Capital CR Loan

A business makes a cash sale of £400 what is the double entry bookkeeping for this transaction?

• DR Sales CR Cash

• DR Income CR Sales

• DR Cash CR Sales

• DR Trade receivable CR Sales

Sales Returns is what kind of balance in DEAD CLIC?

• Assets

• Liabilities

• Incomes (reduction in expense)

• Expenses (reduction in income)

A business receives a credit note from a supplier - how will this be recorded in the double entry bookkeeping?

• DR Purchases CR Trade Payables

• DR Purchases Returns CR Trade Payables

• DR Trade Payables CR Purchases

• DR Trade Payables CR Purchase Returns

A prepaid expense is a ______ balance b/d?

• Debit

• Credit

A prepaid income is a ______ balance b/d?

• Debit

• Credit