Question 1

What is the normal balance of Assets?

Accepted Answer

Debit

Answer

Credit

Question 2

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

Accepted Answer

True

Answer

False

Question 3

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

Accepted Answer

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

Answer

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

Answer

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

Question 4

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

Accepted Answer

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

Answer

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

Answer

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

Question 5

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:

Accepted Answer

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

Answer

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

Answer

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

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