Account 716
Quiz by Lulwa
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7 questions
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- Q1The correct entries for closing fees earned isDr: fees earned , Cr: Income summaryDr:Income summary , Cr:fees earnedDr: Capital , Cr: fees earnedDr: fees earned , Cr: Capital30s
- Q2Find the missing amount of the entry: Dr: Income summary 1350 Cr: Wages Expense................ Cr: Supplies Expense 7506002100800-60030s
- Q3What is the correct entry for closing Drawing AccountDr: Capital Cr: DrawingDr: Drawing Cr: Income summaryDr: Drawing Cr: CapitalDr: Income summary Cr: Drawing30s
- Q4Select the proper name that matches the questions. ( Checks drawn against an account in which there are not sufficient funds, so the check is returned because of nonpayment.)Outstanding checksNSF ChecksPetty Cash FundCanceled Checks30s
- Q5The fee charged for handling the checks, collections, and other items for the depositor's account is:Petty Cash FundOutstanding checksDeposit in transitBank Service Charge30s
- Q6For the Bank Reconciliation Statement where is the correct section for outstanding checks?Cash Book , DeductCash Book , AddBank Statement , DeductBank Statement , Add30s
- Q7What is the correct reconcile if the bank recorded a deposit of BD 323 as BD 223Cash , Add BD 100Cash , Less BD 100Bank , Less BD 100Bank , Add BD 10030s