Advanced Bookkeeping Double Entries - DR/CR

?

1. What is the double entry for making allowance smaller?

  • DR PLCA CR expense
  • DR allowance for doubtful debts CR doubtful debt expense
  • DR irrecoverable debt expense CR sales
  • DR provision for doubtful debts CR irrecoverable debt expense
1 of 20

Other questions in this quiz

2. What is the double entry for a credit purchase?

  • DR cash CR non current asset
  • DR non current asset CR trade payables
  • DR trade payables DR non current asset
  • DR expense CR accrual

3. What is the double entry for borrowing from the bank?

  • DR cash CR bank loan, DR non current asset CR cash
  • DR non current asset CR cash, DR expense account CR cash
  • DR prepayment CR expense account, DR non current asset CR cash
  • DR inventory CR closing inventory

4. What is the double entry for deferred income?

  • DR sales CR deferred income
  • DR deferred income CR sales
  • DR sales CR accrued income
  • DR sales CR depreciation

5. What is the double entry for contra?

  • DR payables CR receivables
  • DR receivables CR payables
  • DR cash CR payables
  • DR non current asset CR contra

Comments

No comments have yet been made

Similar Accounting resources:

See all Accounting resources »See all Double Entries resources »