0 of 1 Questions completed
Questions:
Information
You have already completed the assessment before. Hence you can not start it again.
You must sign in or sign up to start the assessment.
You must first complete the following:
Assessment complete. Results are being recorded.
0 of 1 Questions answered correctly
Your time:
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
-
Current
-
Review
-
Answered
-
Correct
-
Incorrect
-
Question 1 of 1
Use x to mark correct answer (Debit / Credit)
| Item |
Account Category |
Debit |
Credit |
| Wages paid during the month |
Expenses |
x
|
|
| Purchase a maintenance garage |
Assets (transaction) |
x
|
|
| Purchase long-term investments |
Assets (transaction) |
x
|
|
| Fees for servicing widgets |
Revenue |
|
x
|
| Short term loan increase |
Liabilities (transaction) |
|
x
|
| Owner’s salary |
Equity (withdrawals) |
x
|
|
| Increase in accounts receivable |
Assets (transaction) |
x
|
|
| Office supplies |
Expenses |
x
|
|
| Money from widget sales |
Revenue |
|
x
|
| Accounts payable decrease |
Liabilities (transaction) |
x
|
|
| End of the month assets balance |
Assets (normal balance) |
x
|
|
