Bookkeeping Quiz 1
Authored by Airah Vera
Business
12th Grade
Used 6+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Invested Equipment for 60, 000 as additional capital.
dr. Cash 60,000
cr. Capital 60,000
dr. Equipment 60, 000
cr. Capital 60,000
dr. Capital 60,000
cr. Equipment 60,000
dr. Equipment 60,000
cr. Cash 60,000
2.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Purchased supplies for 9,500 paying half in cash and the rest on account.
dr. Supplies 9,500
cr. Cash 9,500
dr. Supplies 9,500
cr. Accounts payable 9,500
dr. Supplies 9, 5000
cr. Cash 4,750
cr. Accounts payable 4,750
dr. Accounts payable 9,500
cr. Cash 9,5000
3.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
Purchased equipment for 5, 000 on account and paid salaries for 3,000 and water bill for 1,500 in cash.
dr. Equipment 5,000
dr. salaries exp. 3, 000
dr. Utilities exp. 1,500
cr. Acc. Pay. 5, 000
cr. Cash 4,500
dr. equipment 5,000
cr. Acc. Pay. 5,000
dr. salaries exp. 3,000
cr. cash 3,000
dr. utilities exp. 1,500
cr. cash 1,500
dr. Equipment 5,000
dr. salaries exp. 3, 000
dr. Utilities exp. 1,500
cr. Acc. pay. 9,500
dr. Equipment 5,000
dr. salaries exp. 3, 000
dr. Utilities exp. 1,500
cr. Cash 9,500
4.
MULTIPLE CHOICE QUESTION
1 min • 2 pts
paid 40% of the accounts payable for equipment which was purchased on account for 5,000.
dr. accounts pay. 5,000
cr. cash 5, 000
dr. equipment 5,000
cr. accounts pay 5,000
dr. cash 2,000
cr. accounts pay. 2,000
dr. accounts pay. 2,000
cr. cash 2,000
5.
MULTIPLE CHOICE QUESTION
45 sec • 2 pts
Earned cash from customers for services rendered, 20, 000
dr. Acc. Receivable 20,000
cr. Revenue 20,000
dr. Cash 20,000
cr. Revenues 20,000
dr. Revenues 20,000
cr. Cash 20,000
dr. cash 20,000
cr. accounts receivable 20,000
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Cash is debited.
INCREASE
DECREASE
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Accounts receivable is credited.
INCREASE
DECREASE
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