11. Which of the following accounts would be increased with a debit?

Correct! Wrong!

12. Which of the following account will be credited in the books of XYZ Co. Ltd, if the business purchased a vehicle though cheque?

Correct! Wrong!

13. The abbreviations for debit and credit (Dr. and Cr.) come from what language words?

Correct! Wrong!

14. Which one of the following is used to record financial transactions in date wise order?

Correct! Wrong!

15. Accrued expenses are also called?

Correct! Wrong!

16. Which one of the following is called book of original entry?

Correct! Wrong!

17. Which of the following account/s will be affected under the rule of accrual accounting, when furniture is purchased on cash?

Correct! Wrong!

18. Purchased goods from Ahmed for cash should be credited to?

Correct! Wrong!

19. Credit terms of 1/10, n/30 mean that?

Correct! Wrong!

20. Commission received is an example of?

Correct! Wrong!

Journal Entry (11-20)
Super Genius ***
Excellent ***
Very Good **
Good *
Fair
Fail

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