Q3 Summative Test 2

Which item refers to the account debited?

• Cash

• Jan. 31, 2018

• Paid salaries expense

• Salaries expense

Which item refers to the date of the transaction?

• Cash

• Jan. 31, 2018

• Paid salaries expense

• Salaries Expense

Which item refers to the account credited?

• Cash

• Jan. 31, 2018

• Paid salaries expense

• Salaries Expense

Where do we record cash when it decreases?

• debit

• credit

• date

• explanation

Where does salary expense are recorded when it increases?

• debit

• credit

• date

• explanation

What type of account is Internet Expense?

• Asset

• Capital

• Expense

• Liability

What type of account is Cash?

• asset

• liability

• capital

• expense

Which item is the account debited?

• Cash

• January

• Internet Expense

• Paid internet expense

Which item refers to the account credited?

• Cash

• January

• Internet Expense

• Paid internet expense

Which item refers to the explanation?

• Paid internet expense

• January

• Internet Expense

• Cash