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Accounting 803 Activity

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10 questions
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  • Q1
    The amount earned by the business from activities is
    Expense
    Revenue
    Drawing
    Capital
    30s
  • Q2
    Noor computer services bought equipment on credit from Jassim Est., BD2500 will effect:
    +Equipment & +Account Payable
    +Equipment &+ cash
    -Equipment & -Account Payable
    -Equipment &- cash
    30s
  • Q3
    Find the missing amount in accounting equiation : Capital= 15800, ASSETS=?, Liabilities=4300
    18000
    11500
    20100
    10200
    30s
  • Q4
    Accounting Equiation is:
    Owner's equity= Assets+Liabilities
    Liabilities= Assets+Owner's equity
    Assets= Liabilities -Owner's equity
    Assets= Liabilities + Owner's equity
    30s
  • Q5
    In double entry system cheque is affect as:
    Account receivable
    Capital
    Cash
    Account Payable
    30s
  • Q6
    The rules for the double entry system, when expenses increase will be:
    equal
    Debit
    Credit
    No effect
    30s
  • Q7
    American Express in accounting cannot be deposited directly and it will result in an:
    Account payable
    Notes receivable
    Account Receivable
    Notes payable
    30s
  • Q8
    If Sara company made a sale of 2500 to a customer who used visa card, and the credit card company makes a service charge 4%. Collect the amount of credit card expense.
    100
    110
    150
    180
    30s
  • Q9
    When you purchase goods cash and you find one piece damaged and you return it, the right entries that you will write:
    Cash(Credit), Puechase (Debit)
    Cash(Debit), Sales (Credit)
    Cash(Debit), Purchase return(Credit)
    Cash(Credit), Sales return(Debit)
    30s
  • Q10
    In ledger account, any small business might use numbering system for it's accounts, which account will take 201-299?
    Revenue account
    Expense account
    Asset account
    Liability account
    30s

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