The owner increased his capital with R21 000. Receipt no. 23.
Double entry rule

Quiz
•
Financial Education
•
10th Grade
•
Medium
Jackie Walt
Used 18+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debit Capital; Credit Bank
Debit cash; Credit Bank
Debit Capital contribution; Credit debtors
Debit Bank; Credit Capita
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paid R23 out of Petty cash for delivery costs. Petty cash voucher no.11.
Debit trading stock; Credit Petty cash
Debit Petty cash; Credit delivery cost
Debit petty cash; Credit Bank
Debit trading stock; Credit delivery cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Made an ATM withdrawal to pay the wages of the week, R480.
Debit Bank and credit Wages
Debit Bank and credit Drawings
Debit Drawings and credit Bank
Debit Wages and credit Bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sold goods on credit to R. Rood for R900 (cost price R550), invoice no. 34.
Debit Sales and credit Cost of sales
Debit sales (R900) and credit Debtors control (R900) AND Debit cost of sales (R550) and credit trading stock (R550)
Debit Debtors control (R900) and credit Sales (R900) AND Debit cost of sales (R550) and credit trading stock (R550)
Debit sales (R900) and credit Trading stock (R900) AND Debit cost of sales (R550) and credit Debtors control (R550)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bought stock on credit from Theron Ltd., R26 900.
Debit Creditors control and credit trading stock
Debit Trading stock and credit Creditors control
Debit Debtors control and credit trading stock
Debit Creditors control and credit cost of sales
Similar Resources on Wayground
8 questions
Financial Literacy

Quiz
•
10th Grade - University
10 questions
Managing Credit: Sources and uses. Lesson 1-2

Quiz
•
10th Grade
10 questions
Quiz Week #13

Quiz
•
9th - 12th Grade
5 questions
Consumer | 5-4 Activating Strategy

Quiz
•
9th - 12th Grade
10 questions
ACCT1_2

Quiz
•
10th Grade
7 questions
Financial Literacy | Topic 1, Lesson 1 Quiz

Quiz
•
10th Grade
9 questions
Double Entry

Quiz
•
9th - 12th Grade
10 questions
Credit and Debt Practice Test

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade