Basic accounting procedures

Which account is used to record selling expenses?

• Account 642

• Account 641

• Account 635

• Account 515

Which cost does not belong to account 642?

• Water expense of administrative department

• Business license fee

• Advertising expenses

• Electricity expense of administrative department

When calculating the salary to be paid to sales department, which account will be debited?

• Account 334

• Account 641

• Account 515

• Account 642

When purchasing raw materials to add to stock, which account will be debited?

• Account 112

• Account 152

• Account 331

• Account 111

Which account is used to record revenue from financial activities?

• Account 641

• Account 635

• Account 515

• Account 811

Which cost is recorded in account 635?

• Interest of loans expense

• Selling expenses

• Administrative expenses

• Other expenses

When recording revenue from sales, which account will be credited?

• Account 641

• Account 511

• Account 642

• Account 515

When recording the depreciation expense of fixed assets used in administrative department, which account will be debited?

• Account 214

• Account 641

• Account 642

• Account 811

When receiving capital contributions from the owner, which account will be credited?

• Account 412

• Account 413

• Account 411

• Account 414

When recording advertising expenses, which account will be debited?

• Account 642

• Account 641

• Account 515

• Account 811