Double-Entry Bookkeeping

Double-Entry Bookkeeping

Professional Development

8 Qs

quiz-placeholder

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Double-Entry Bookkeeping

Double-Entry Bookkeeping

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Manoela Silva

Used 7+ times

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Resources the business owns and uses are...

Dividends

Assets

Liabilities

Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are dividends?

Cash paid for goods and services

Cash owners put into the business

Money owed to others

Cash distributed to owners

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are expenses?

Cash paid for goods and services

Money got from sales to customers

Cash owners put into the business

Money owed to others

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Liabilities are

Money owed to others

Money got from sales to customers

Resources the business owns and uses

Cash paid for goods and services

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Equity means...

Cash paid for goods and services

Cash distributed to owners

Cash owners put into the business

Money got from sales to customers

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Revenue means

Cash owners put into the business

Resources the business owns and uses

Money owed to others

Money got from sales to customers

7.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Examples of debits are...

Equity

Assets

Dividends

Expenses

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