Financial Accounting 1

Financial Accounting 1

University

5 Qs

quiz-placeholder

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Quiz 1

Quiz 1

University

10 Qs

Financial Accounting 1

Financial Accounting 1

Assessment

Quiz

Other

University

Medium

Created by

Foo Aw

Used 11+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double entry of cash sales

Dr. Cash

Cr. Sales

Dr. Sales

Cr. Cash

Dr. Bank

Cr. Sales

Dr. Sales

Cr. Bank

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double entries of the business buying a van with cheque

Dr. Bank

Cr. Van

Dr. Van

Cr. Cash

Dr. Motor Vehicle

Cr. Bank

Dr. Motor Vehicle

Cr. Cash

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double entries of: an owner investing cash into the business and bank in the money to the bank

Dr. Owner

Cr. Bank

Dr. Bank

Cr. Owner

Dr. Cash

Cr. Capital

Dr. Bank

Cr. Capital

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double entries of selling goods on credit to Ali

Dr. Ali

Cr. Sales

Dr. Bank

Cr. Sales

Dr. Ali

Cr. Bank

Dr. Ali

Cr. Cash

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double entries of buying goods with cash from Abu

Dr. Purchases

Cr. Abu

Dr. Purchases

Cr. Cash

Dr. Abu

Cr. Purchases

Dr. Cash

Cr. Purchases