Accounting revision
Authored by Woodridge Connect
Education, Fun, Mathematics
9th Grade
Used 17+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The calculation for the cost of sales is as follows:
Selling price x 100/mark-up
Selling price x percentage mark-up
Selling price x 100/(100 + mark-up)
Cost price x percentage mark-up
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This function records and controls all the financial activities and financial records of the business
Administration function
General management function
Financial function
Marketing function
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assets increase with an entry on the … side and decrease with an entry on the … side.
debit and debit
debit and credit
credit and debit
credit and credit
4.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
A/An ... is a check to see that every transaction has been recorded in two separate General Ledger accounts.
(a)
5.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The … is the source document used for goods returned by debtors
(a)
6.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The … is the source document used for goods purchased by debtors.
(a)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
These are examples of financial institutions
Assets
Bank
Capital
Transactions
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