
Asset of Stock 5.4X
Presentation
•
Other
•
10th - 11th Grade
•
Practice Problem
•
Medium
chanese jean-pierre
Used 2+ times
FREE Resource
5 Slides • 6 Questions
1
Accounting
2
5.4X
3
Goods bought on credit from T. Morgan
4
Multiple Choice
What two things are being affected?
Goods bought on credit from T. Morgan
Goods & T. Morgan
Goods & Credit
Purchase & Credit
Purchase & T. Morgan
5
6
Multiple Choice
Goods Returned to L. Thomas
What two things are being affected?
Goods & Thomas
Return Inwards & Goods
Return Outwards & L. Thomas
Return inwards & L. Thomas
7
8
Multiple Choice
What two things are being affected?
Machinery returned to L. Jones Ltd.
L. Jones & Machinery
Return inwards & Machinery
L. Jones & Return outwards
L. Jones & Assets
9
Multiple Choice
Transaction: Goods bought for cash
What account needs to be DEBIT
Purchase
sales
Goods
Assets
10
Multiple Choice
Transaction: Goods bought for cash
What account needs to be CREDIT
Purchase
Goods
Returns
Cash
11
Multiple Choice
Motor van bought on credit from D. Davies LTD
Which account needs to be DEBIT
Motor Van
Purchase
Goods
D. Davies LTD
Accounting
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