Q3 Summative Test 3

Q3 Summative Test 3

9th Grade

10 Qs

quiz-placeholder

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Q3 Summative Test 3

Q3 Summative Test 3

Assessment

Quiz

Other

9th Grade

Practice Problem

Hard

Created by

Nerena Abines

Used 11+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of account is drawing?

Asset

Capital

Expense

Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does withdraw mean?

A. Invest cash in the business

B. Borrow cash from the bank

A. Invest cash in the business

B. Borrow cash from the bank

Pay liability to debtor of the business

D. The owner get cash for personal use

Pay liability to debtor of the business

D. The owner get cash for personal use

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which item is recorded in the debit column?

Cash

Drawing

P 5,000

Withdrew cash.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

In a journal entry dated Feb. 7, 2018, which item is NOT written in the date

column?

2018

7

P 5,000

Feb.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Where do we record Drawing when it increases?

Credit

Date

Debit

Explanation

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which item is the account debited?

Cash

Macapagal, Drawing

supplies

withdrew cash

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which item is the account credited?

Cash

Macapagal, Drawing

Supplies

Withdrew cash.

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