Double entry rule

Double entry rule

10th Grade

5 Qs

quiz-placeholder

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Double entry rule

Double entry rule

Assessment

Quiz

Financial Education

10th Grade

Medium

Created by

Jackie Walt

Used 18+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

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