Accounting Concepts And Recording

10 Questions | Total Attempts: 37

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Accounting Concepts And Recording - Quiz

Questions and Answers
  • 1. 
    Motor vehicles are assets and what by nature?
  • 2. 
    Electricity is an expense and what by nature?
  • 3. 
    An increase in inventory will be recorded in which column?
    • A. 

      Debit

    • B. 

      Credit

  • 4. 
    A decrease in capital will be recorded in which column?
    • A. 

      Debit

    • B. 

      Credit

  • 5. 
    An increase in sales will be recorded in which column?
    • A. 

      Debit

    • B. 

      Credit

  • 6. 
    An increase in cash in hand will be recorded in which column?
    • A. 

      Debit

    • B. 

      Credit

  • 7. 
    A decrease in bank overdraft will be recored in which column?
    • A. 

      Debit

    • B. 

      Credit

  • 8. 
    An increase in mortgage will be recorded in which column?
    • A. 

      Debit

    • B. 

      Credit

  • 9. 
    An increase in furniture will be recorded in which column?
    • A. 

      Debit

    • B. 

      Credit

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