Ch1 Acc 212
Quiz by T.Muna
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3 questions
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- Q1Q1: what is the credit side if the Sold goods to customer cashCashSuppliesEquipmentSales30s
- Q2Q2: what is the debit side and credit side if purchase goods on credit.Debit Merchandise inventory Credit Account payableDebit Cash Credit MachineDebit Merchandise inventory Credit CashDebit Machine Credit Account Recivable30s
- Q3Q3: Sold goods on Credit what is the entry?Debit Account Receivable Credit CashDebit Account Payable Credit CashDebit Account Payable Credit SalesDebit Account Receivable Credit Sales30s