Grade 7 EMS Test: Accounting Equation And Cash Receipts Journal , livre ebook
9
pages
English
Ebooks
2022
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9
pages
English
Ebooks
2022
Obtenez un accès à la bibliothèque pour le consulter en ligne En savoir plus
A test that assesses learners' knowledge of the accounting equation, assets, liabilities, owner's equity and cash receipts journal.
Voir
C
trading stock
OE = A - L
non-current assets
OE and L
D
C
current assets
C
Owner’s Equity
C
D
to the value of R25 000 for renovations at his house. This amount will be reflected as
D
D
capital
Liabilities
D
A
B
D
capital
D
B
accounting firm
C
Select the correct answer from the options given:
consumables
1.6
Accounting Equation and CRJ
Economic & Management Sciences
Question 1:
1.3
1.2
financial assets
C
printing
on credit from Universal Hair supplies. Which parts of the accounting equation will be
loan
green grocer
OE + Liabilities
affected?
OE and Assets
A
1.4
Assets + Liabilities
B
OE + Assets
A
Grade 7
(10)
C
B
Assets
B
B
L + A = OE
Which one of the following is incorrect?
electrician
A
Amy, the owner of Amy’s Hair and Nails bought hair products to replenish stock for sale
1.7
Mrs Mistry pays her child’s school fees from her business account. Which parts of the
A
stationery
nail salon
B
A
A = OE + L
1.1
1.5
The cost of ink for a news agent that prints newspapers will fall under which expense?
drawings
accounting equation will be affected?
expense
A
______________ in the books of ABC Construction.
L = A - OE
Investments made by the company is referred as:
Page 1 of 10
Which of the following is not an example of a services business?
Mr Davenport, the owner of ABC Construction, uses cement and bricks from the business
