lorenzobellentan
Quiz by , created over 1 year ago

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lorenzobellentan
Created by lorenzobellentan over 1 year ago
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    Question 1 of 5

    Medal-premium 1

    Select from the dropdown list to complete the text.

    Double entry ( bookkeeping, processing, statement ) means entering transactions into accounts twice.

    Question 2 of 5

    Medal-premium 1

    what is double-entry bookkeeping ?

    Select one of the following:

    • It is a system so because every entry to an account requires a corresponding and opposite entry to a different account.

    • a receipt given by a shop to a customer who has returned goods, which can be offset against future purchases.

    • an entry recording a sum owed, listed on the left-hand side or column of an account.

    • a definite or clear expression of something in speech or writing.

    Question 3 of 5

    Medal-premium 1

    double entry is denoting a system of bookkeeping in which each transaction is entered as a debit in one account and a credit in another

    Select one of the following:

    • True
    • False

    Question 4 of 5

    Medal-premium 1

    Single-entry bookkeeping:

    Select one of the following:

    • gives you details about the delivery

    • shows your debits

    • tracks basic income and expenditures as these transactions occur

    Question 5 of 5

    Medal-premium 1

    double entry bookkeeping demonstrates the effect of each transaction on the company's overall finances.

    Select one of the following:

    • True
    • False
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