Double-entry bookkeeping
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- Q1
One economic transaction can affect more than two accounts. This statement is:
truefalseTrue or False30s - Q2
What happened when Assets accounts aren't equal to Liability and Equity accounts at the end of accounting period
Accounting unit didn´t follow the rules of double-entry bookkeeping
Accounting software will fix it by itself
It doesn´t have to be equal
For accounting unit is better to have bigger Assets than Equity and Liability
30s - Q3
Which accounts doesn´t have opening balance?
Users sort answers between categoriesSorting30s - Q4
Connect the right choices
Users sort answers between categoriesSorting30s - Q5
What is TRUE about analytical accounts?
They provide more detail information about synthetic account
None of them is correct
An accounting unit can find them in Decree No. 500/2002
An accounting unit can make only 2 analytical accounts per synthetic account
30s - Q6
Match following terms on the correct sides of an T-account
Users link answersLinking30s - Q7
Individual person is obliged to double-entry bookkeeping, if their turnover for previous year exceeded 20 million CZK.
falsetrueTrue or False30s - Q8
Which account influence credit side when goods are sold. (The accounting unit isn´t VAT tax payor)
Liability account
Equity account
Revenue account
Asset account
30s - Q9
General ______ is a book in which all accounting entries are structured by the individual accounts
Users enter free textType an Answer30s - Q10
Which accounts have closing balance on credit side
Users sort answers between categoriesSorting30s - Q11
Where can the accounting entity check that we have used double-entry bookkeeping?
Profit and Loss Statement
Statement of changes in equity
Trial Balance
Balance Sheet
30s - Q12
Which account influence debit side when material is consumed. (The accounting unit isn´t VAT tax payor)
Users sort answers between categoriesSorting30s