3758938
Descrição
Quiz por dmartin9940, atualizado more than 1 year ago
|
Criado por dmartin9940
aproximadamente 11 anos atrás
|
|
Questão 1
Questão
Given the following data, calculate the value of the firm’s capital: Non-current assets $4,000; Inventory $350; Trade Receivables $180; cash at bank $650 and Trade Payables $280.
Responda
-
$5,460
-
$4,900
-
$5,180
-
$5,000
Questão 2
Questão
Which of the following would not be classified as an asset?
Responda
-
Premises
-
Money owed by us to a supplier
-
Cash in hand
-
Money owed to us by a customer
Questão 3
Questão
The correct double entry to record the return of inventory by us to suppliers is:
Responda
-
Dr Trade Payable Account Cr Purchases Account
-
Dr Trade Payable Account Cr Sales Returns Account
-
Dr Bank Cr Purchases Returns Account
-
Dr Trade Payable Account Cr Purchases Returns Account
Questão 4
Questão
Which of the following is not a liability?
Responda
-
Loan
-
Bank Overdraft
-
Trade Receivable
-
Mortgage
Questão 5
Questão
A sole trader introduces a typewriter that is her own into the business for business use. The double-entry transaction needed to record this would be:
Responda
-
Dr Capital Cr Typewriter
-
Dr Drawings Cr Typewriter
-
Dr Typewriter Cr Drawings
-
Dr Typewriter Cr Capital
Questão 6
Questão
Sale of inventory on credit to L Parker should be recorded as:
Responda
-
Dr Sales Cr L Parker
-
Dr Sales Cr Profit and Loss
-
Dr L Parker Cr Sales
-
Dr Inventory Cr Sales
Questão 7
Questão
What is the closing balance on the following account as at 31 March 201X?
Responda
-
$225 Debit
-
$225 Credit
-
$300 Credit
-
$300 Debit
Questão 8
Questão
A furniture retailer buys tables for cash for use in the head office. What entry would record this correctly in the accounts?
Responda
-
Dr Purchases Cr Cash
-
Dr Cash Cr Purchases
-
Dr Office Furniture Cr Cash
-
Dr Cash Cr Office Furniture
Questão 9
Questão
Which of the following is not correct?
Responda
-
Capital Assets Liabilities $2,194 $5,435 $3,241
-
Capital Assets Liabilities $6,316 $8,771 $2,455
-
Capital Assets Liabilities $6,413 $9,885 $3,472
-
Capital Assets Liabilities $6,754 $11,324 $4,560
Questão 10
Questão
Machinery bought on credit from Lander Ltd had to be retuned due to its unsuitability. The correct entry to record this in the accounts would be:
Responda
-
Dr Machinery Cr Lander Ltd
-
Dr Lander Ltd Cr Purchase returns
-
Dr Purchase Returns Cr Lander Ltd
-
Dr Lander Ltd Cr Machinery
Quer criar seus próprios Quizzes gratuitos com a GoConqr? Saiba mais.