Bookkeeping Quizzes Online & Trivia

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Related Topics


  • What happens when an asset/expense account is debited?
    What happens when an asset/expense account is debited?
    Debiting the expense account - decreases it.

  • How many account groups does the Chart of Accounts comprize?
    How many account groups does the Chart of Accounts comprize?
    6 -Assets -Liabilities -Capital -Drawing -Income -Expense

  • Receipt of rent paid by a tenant involves entries in the bank account and the
    Receipt of rent paid by a tenant involves entries in the bank account and the
    Can u explain me this question and the answer for it

  • On the 3rd September, a business pays into the bank account his sales takings of 4876 from the shop into the bank.The correct double entry is
    On the 3rd September, a business pays into the bank account his sales takings of 4876 from the shop into the bank.The correct double entry is
    Debit bank account and Credit sales account

  • One ledger page shows both the debit and credit sides of a single business transaction.
    One ledger page shows both the debit and credit sides of a single business transaction.
    False

  • The accounts payable schedule shows:
    The accounts payable schedule shows:
    Vendors the company owes money to

  • The Chart of Accounts is comprised of how many account groups:
    The Chart of Accounts is comprised of how many account groups:
    1. 6

  • The accounts are normally grouped together in books known as
    The accounts are normally grouped together in books known as
    Ledgers LedgerEven in computerised accounts packages it will still refer to the ledgers e.g. sales ledger.

  • Add these numbers together. What is the total? 46.01 28.83 67.02 50.84 44.09 21.9 0.52 300 43.76 28 3007.07 294.34 84.59 4131.21 0.17 37.1 44.56 6.52 10.21 140.94 ...
    Add these numbers together. What is the total? 46.01 28.83 67.02 50.84 44.09 21.9 0.52 300 43.76 28 3007.07 294.34 84.59 4131.21 0.17 37.1 44.56 6.52 10.21 140.94 ...
    8,387.68 8367.68

  • On the 3rd September, a business pays into the bank account his sales takings of 4876 from the shop into the bank.The correct double entry is
    On the 3rd September, a business pays into the bank account his sales takings of 4876 from the shop into the bank.The correct double entry is
    Debit bank account and Credit sales account

  • Your January 31 Bank Statement reads: Item Date Amount Open Balance 31-Dec $ 547.43 Deposit 4-Jan $ 100.00 Deposit 15-Jan $ 350.00 Check 1003 ...
    Your January 31 Bank Statement reads: Item Date Amount Open Balance 31-Dec $ 547.43 Deposit 4-Jan $ 100.00 Deposit 15-Jan $ 350.00 Check 1003 ...
    $740.98 740.98

  • Tick the ones that are special journals.
    Tick the ones that are special journals.
    1. Sales journal2. Cash payments journal3. Sales returns and allowances4. Purchases journal5. Cash receipts journal6. Purchases returns and allowances