quiz

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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lorenzobellentan
Quiz by , created about 1 year ago

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lorenzobellentan
Created by lorenzobellentan about 1 year ago
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