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CH-3 Analyzing and Journalizing Transactions

Quiz by Shouq Isa Rashid Aldoseri

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5 questions
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  • Q1

    What is the normal balance of Assets?

    Debit

    Credit

    30s
  • Q2

    The normal balance of Capital, Liabilities and Revenues is Credit.

    True

    False

    30s
  • Q3

    On April, 1 2020, Hanan invested BD50,000 cash in the business. It was recorded in the general journal: 

    Dr. Cash BD50,000 and Cr. Investment BD50,000

    Dr. Cash BD50,000 and Cr. Capital BD50,000

    Dr. Capital BD50,000 and Cr. Cash BD50,000

    45s
  • Q4

    On June, 3 2020, Yousif's Company purchased supplies for BD2,500 cash. It was recorded in the general journal:  

    Dr. Cash BD2,500 and Cr. Supplies BD2,500

    Dr. Supplies BD2,500 and Cr. A/c Payable BD2,500

    Dr. Supplies BD2,500 and Cr. Cash BD2,500

    45s
  • Q5

    On Sept ,8 2020, Ali's Company purchased furniture for BD19,000 from Saleh Est. paid cash BD5,000 and balance on account. It was recorded in the general journal:

    Dr. Furniture BD19,000 and Cr. Cash BD5,000, Cr. A/c Payable BD14,000

    Dr. A/c Payable BD14,000, Dr. Cash BD5,000 and Cr. Furniture BD19,000

    Dr. A/c Payable BD19,000 and Cr. Cash BD5,000, Cr. Furniture BD14,000

    60s

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