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Team 2
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Teams
Name
Score
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10
×
The owner took out 300 in cash for personal use. What is the double entry?
Dr drawings, Cr cash
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Okay!
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10
×
When increasing a liability we credit or debit?
credit
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Check
Okay!
Check
×
baam
Lose 20 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
fairy
Take points!
5
10
15
20
25
×
lifesaver
Give 20 points!
Oops!
10
×
Assets are debited or credited when increasing?
Debited
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Okay!
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10
×
Errors can still be found in a trial balanced even though the debit and credit sides have balance off. Is this True or False
True
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5
×
Assets are found on which side of the trial balance?
Debit side
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10
×
A customer returned some chairs that was sold by Chairs R Us ltd, what are the accounts?
Return Inwards and Chairs R Us ltd
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10
×
We returned some light bulbs because some were not lighting properly to Boodoo's Electrical LTD. What are the accounts?
Return Outwards, Boodoos Ltd
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10
×
What are 3 examples of an asset?
cash, inventory, debtors, cars, buildings
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10
×
Give three examples of an expense
rent, motor, insurance, wages, depreciation
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×
boom
Lose 50 points!
Oops!
×
gold
Win 50 points!
Okay!
×
rocket
Go to first place!
Okay!
×
baam
Lose 25 points!
Oops!
10
×
Where is discount allowed and discount received recorded in the trial balance?
Discount allowed - Debit side and discount received -credit side
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10
×
when decreasing a liability we debit or credit?
debit
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10
×
We paid our telephone bill paying $300 in cash what are the two transactions?
telephone expense and cash
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×
banana
Go to last place!
Oops!
×
magnet
Take 10 points!
Okay!
×
rocket
Go to first place!
Okay!
×
thief
Give points!
5
10
15
20
25
10
×
Assets are debited or credited when decreasing?
Credited
Oops!
Check
Okay!
Check
×
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