Double Entry: Assets

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Double Entry: Assets (CSEC Principles of Accounts

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Kerwin Alexander

Trinidad and Tobago

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Double Entry: Assets


Froggy Jumps Double Entry: AssetsOnline version Double Entry: Assets (CSEC Principles of Accounts by Kerwin Alexander 1 Buying a motor van for cash increases which asset? a Motor van b Accounts Receivable c Cash 2 Purchasing office machinery on credit affects which account type? a Cash b Office machinery c Capital 3 Introducing capital in cash increases which account? a Cash b Liabilities c Motor van 4 A customer pays by cheque; which asset increases? a Equity b Bank (Cheque) balance c Cash in hand 5 Paying a supplier in cash reduces which asset? a Accounts Receivable b Cash c Capital 6 Buying a motor lorry for cash affects which asset? a Cash b Liability c Motor lorry 7 Paying a supplier by cheque affects which asset? a Cash b Bank balance c Equity 8 Repaid a loan by cash decreases which asset? a Motor van b Bank loan c Cash 9 Selling a motor lorry for cash increases which asset? a Equity b Motor lorry c Cash 10 Office machinery bought on credit creates which liability? a Accounts payable (creditor) b Cash c Capital 11 A customer pays by cash; which asset increases? a Cash b Capital c Accounts Receivable 12 Customer pays by cheque; which asset increases? a Equity b Bank balance c Cash in hand 13 Putting more money into the business by cheque increases which asset? a Cash in hand b Liabilities c Bank balance 14 Receiving a cash loan of 200 from L. Lowe affects which asset? a Bank loan b Cash c Accounts payable 15 Paying a supplier by cash reduces which asset? a Cash b Motor van c Equity 16 Goods bought with immediate cash payment affects which asset? a Capital b Cash and Inventory c Liabilities 17 Goods bought on credit create which asset or liability? a Accounts payable b Cash c Cash in hand 18 Goods sold on credit increases which asset type? a Accounts receivable b Capital c Cash 19 Goods sold on credit to B. Perkins increases which asset? a Cash b Equity c Accounts receivable 20 Motor vans bought on credit creates which liability? a Accounts payable b Capital c Cash 21 Goods sold with cheque received affects which asset? a Accounts Receivable b Bank balance c Liability 22 Goods sold for cash increases which asset? a Cash b Capital c Accounts receivable 23 Goods returned to us by J. Nelson affects which asset? a Inventory b Cash c Liability 24 Machinery sold for cash affects which asset? a Equity b Cash c Machinery 25 Goods bought on credit from D. Singh creates which liability? a Cash b Capital c Accounts payable 26 Goods returned to H. Forbes affects which asset? a Liability b Cash c Inventory 27 Goods we returned to H. Hardy reduces which asset? a Cash b Inventory c Capital 28 A customer pays by cash; which account increases? a Equity b Accounts payable c Cash 29 What increases when a sale is made on cash? a Cash b Inventory c Liability 30 What decreases when cash is paid to a supplier? a Receivables b Cash c Equipment 31 Purchasing motor van for cash increases which asset? a Capital b Motor van c Bank 32 Goods bought on credit from J. Reid creates which liability? a Cash b Equity c Accounts payable 33 Goods sold on credit to C. Grant increases which asset? a Accounts receivable b Cash c Capital 34 Which increases when a cheque is received for a sale? a Bank balance b Liability c Cash in hand

Double Entry: Assets

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Double Entry: AssetsOnline version

by Kerwin Alexander

Buying a motor van for cash increases which asset?

Purchasing office machinery on credit affects which account type?

Introducing capital in cash increases which account?

A customer pays by cheque; which asset increases?

Paying a supplier in cash reduces which asset?

Buying a motor lorry for cash affects which asset?

Paying a supplier by cheque affects which asset?

Repaid a loan by cash decreases which asset?

Selling a motor lorry for cash increases which asset?

Office machinery bought on credit creates which liability?

A customer pays by cash; which asset increases?

Customer pays by cheque; which asset increases?

Putting more money into the business by cheque increases which asset?

Receiving a cash loan of 200 from L. Lowe affects which asset?

Paying a supplier by cash reduces which asset?

Goods bought with immediate cash payment affects which asset?

Goods bought on credit create which asset or liability?

Goods sold on credit increases which asset type?

Goods sold on credit to B. Perkins increases which asset?

Motor vans bought on credit creates which liability?

Goods sold with cheque received affects which asset?

Goods sold for cash increases which asset?

Goods returned to us by J. Nelson affects which asset?

Machinery sold for cash affects which asset?

Goods bought on credit from D. Singh creates which liability?

Goods returned to H. Forbes affects which asset?

Goods we returned to H. Hardy reduces which asset?

A customer pays by cash; which account increases?

What increases when a sale is made on cash?

What decreases when cash is paid to a supplier?

Purchasing motor van for cash increases which asset?

Goods bought on credit from J. Reid creates which liability?

Goods sold on credit to C. Grant increases which asset?

Which increases when a cheque is received for a sale?