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    b82255b7-9cfa-4ed2-ae50-f7bbcf2ad54c (1)

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    rizman Aiman
    This document contains a 10 question quiz on basic accounting concepts. The quiz asks students to identify main elements of accounting, reasons why suppliers use accounting information, basic accounting concepts, which report is not a basic accounting report, which items should be classified as current assets, what debits must equal, how to record purchases and losses on accounts, and which side debits are recorded on in a T-account. Students are instructed to print the quiz, answer all questions, and return the completed quiz by the given due date.

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    b82255b7-9cfa-4ed2-ae50-f7bbcf2ad54c (1)

    Uploaded by

    rizman Aiman
    7 views2 pages
    This document contains a 10 question quiz on basic accounting concepts. The quiz asks students to identify main elements of accounting, reasons why suppliers use accounting information, basic accounting concepts, which report is not a basic accounting report, which items should be classified as current assets, what debits must equal, how to record purchases and losses on accounts, and which side debits are recorded on in a T-account. Students are instructed to print the quiz, answer all questions, and return the completed quiz by the given due date.

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    This document contains a 10 question quiz on basic accounting concepts. The quiz asks students to identify main elements of accounting, reasons why suppliers use accounting information, basic accounting concepts, which report is not a basic accounting report, which items should be classified as current assets, what debits must equal, how to record purchases and losses on accounts, and which side debits are recorded on in a T-account. Students are instructed to print the quiz, answer all questions, and return the completed quiz by the given due date.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    7 views2 pages

    b82255b7-9cfa-4ed2-ae50-f7bbcf2ad54c (1)

    Uploaded by

    rizman Aiman
    This document contains a 10 question quiz on basic accounting concepts. The quiz asks students to identify main elements of accounting, reasons why suppliers use accounting information, basic accounting concepts, which report is not a basic accounting report, which items should be classified as current assets, what debits must equal, how to record purchases and losses on accounts, and which side debits are recorded on in a T-account. Students are instructed to print the quiz, answer all questions, and return the completed quiz by the given due date.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Quiz

    Name of Subject
    Student Name
    Student ID

    1) What are the main elements of Accounting ?

    2) Suppliers are one of the user of accounting information.


    Name 1 reason why ?

    3) List 2 basic accounting concepts ?

    4) Which one is not a basic accounting report?


    a) Balance Sheet
    b) Income Statement
    c) Bank Statement
    d) Cash flow statement

    5) Which items should be classified as current assets ?


    a) Cash
    b) Equipment
    c) Building
    d) Land
    6) All debits must equal to :-
    a) Debtors
    b) 1
    c) Credits
    d) one another

    7) Buy a car with a cheque. Fill in the blanks :-

    Debit …………………. Credit ………………...

    8) Goods was stolen from the warehouse. Fill in the blanks :-

    Debit …………………. Credit ………………...

    9) Sales of goods by cash of 300

    Debit …………………. Credit ………………...

    10) In a T account, debit is on which side :-


    a) Right side
    b) left side
    c) Top side
    d) Down side

    Instructions:

    1. Print above pages

    2. Answer all questions (by short expanation and tick mark √ )

    3. Scan and email back to Cheah@lincoln.edu.my by the due date given.

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