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  • Accounting Quiz # 1 - SALAZAR

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    Salazar, Alyanna Janella
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    This document contains exercises from a business and accounting class. Exercise 2-1 lists 15 transactions as either business or personal. Exercise 2-2 identifies 30 items as either debit/credit or classification. Exercise 2-3 provides account titles or indicates if they are appropriate for 20 items. Exercise 2-4 analyzes the effect of 15 transactions on the accounting equation.

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    This document contains exercises from a business and accounting class. Exercise 2-1 lists 15 transactions as either business or personal. Exercise 2-2 identifies 30 items as either debit/credit or classification. Exercise 2-3 provides account titles or indicates if they are appropriate for 20 items. Exercise 2-4 analyzes the effect of 15 transactions on the accounting equation.

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    © All Rights Reserved
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    10 views3 pages

    Accounting Quiz # 1 - SALAZAR

    Uploaded by

    Salazar, Alyanna Janella
    This document contains exercises from a business and accounting class. Exercise 2-1 lists 15 transactions as either business or personal. Exercise 2-2 identifies 30 items as either debit/credit or classification. Exercise 2-3 provides account titles or indicates if they are appropriate for 20 items. Exercise 2-4 analyzes the effect of 15 transactions on the accounting equation.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    Salazar, Alyanna Janella Q.

    BSTM1-1N
    Prof. Francia Penaflor

    Exercise 2-1 (Business and Personal Transaction)

    1. Business
    2. Personal
    3. Business
    4. Business
    5. Personal
    6. Business
    7. Business
    8. Business
    9. Business
    10. Business
    11. Business
    12. Personal
    13. Personal
    14. Business
    15. Business

    Exercise 2-2 (Classification or Debit Credit)

    1. Debit Credit
    2. Classification
    3. Debit Credit
    4. Classification
    5. Classification
    6. Debit Credit
    7. Debit Credit
    8. Classification
    9. Debit Credit
    10. Debit Credit
    11. Classification
    12. Debit Credit
    13. Classification
    14. Classification
    15. Debit Credit
    16. Classification
    17. Debit Credit
    18. Debit Credit
    19. Debit Credit
    20. Debit Credit
    21. Debit Credit
    22. Debit Credit
    23. Classification
    24. Debit Credit
    25. Debit Credit
    26. Debit Credit
    27. Debit Credit
    28. Debit Credit
    29. Debit Credit
    30. Debit Credit

    Exercise 2-3 (Identification of Accounts)

    1. Appropriate
    2. Account Title
    3. Account Title
    4. Account Title
    5. Account Title
    6. Appropriate
    7. Account Title
    8. Appropriate
    9. Account Title
    10. Appropriate
    11. Account Title
    12. Account Title
    13. Account Title
    14. Account Title
    15. Appropriate
    16. Appropriate
    17. Appropriate
    18. Account Title
    19. Account Title
    20. Appropriate
    Exercise 2-4 (Analyzing the Effects of Transaction)

    Asset Liabilities Capital


    INC DEC INC DEC INC DEC

    1. INC ASSET/ INC CAPITAL


    2. INCASSETS/INC CAPITAL
    3. INC ASSETS/ INC CAPITAL
    4. INC ASSETS/ INC LIABELITIES
    5. INC ASSETS/INC LIABELITIES/IN
    6. DEC ASSETS/DEC LIABELITIES
    7. DEC ASSETS/DEC LIABELITIES
    8. INC ASSETS/ INC CAPITAL
    9. INC ASSETS/INC LIABELITIES
    10. DEC ASSETS/ DEC LIOABELITIES
    11. INC ASSETS/INC CAPITAL
    12. DEC ASSETS/DEC LIOABELITIES
    13. INC ASSETS/INC CAPITAL
    14. INC ASSETS/INC CAPITAL
    15. INC ASSETS/ INC LIABILITIES

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