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Accounting Mix Classification Dr Cr Adjustments Obj 1-2 Pt 1
Test Description: Accounting mix classification dr cr adjustmentsobj 1-2 pt 1
Instructions: Answer all questions to get your test result.
1) receive cash
A
cr cash
B
dr cash
2) receive cash from owner as investment
A
dr cash cr capital
B
cr cash dr capital
3) every time you pay cash
A
cr cash
B
dr cash
4) paid cash for expense
A
cr expense dr cash
B
dr expense cr cash
5) paid owner cash for personal use
A
dr drawings cr cash
B
dr cash cr drawings
6) receive cash from sales
A
cr cash cr sales
B
dr cash cr sales
7) receive cash from bill limos
A
cr cash cr AR bill limos
B
dr cash cr AR bill limos
8) jv column totals gl dr $500, gl cr $200, sales cr $350, cash dr $1000 and cash cr $950. this means
A
journal not prove
B
journal proves
9) will has almost finished the supplies ac at the end of the month. he transferred all of the info in the jv to the gl. what is the last step
A
record a new account balance
B
record an account number in the jv
10) tim recognized a problem with payables and provides a solution to his manager. he exhibited which 21 century skill
A
thinking and problem solving
B
self direction
*select an answer for all questions
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