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Quiz 1

This document contains a series of accounting journal entries recording various debits and credits to different accounts. The entries track transactions between accounts labeled A through F, with amounts that are debited from one account and credited to another.

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Mae Justine Joy Tajonera
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57 views2 pages

Quiz 1

This document contains a series of accounting journal entries recording various debits and credits to different accounts. The entries track transactions between accounts labeled A through F, with amounts that are debited from one account and credited to another.

Uploaded by

Mae Justine Joy Tajonera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DR.AccountLetter.Amount.CR.AccountLetter.

Amount

13. DR.D.5,000,000.CR.A.5,000,000

14. DR.D.1,000,000.CR.G.1,000,000

15. DR.B.2,400,000.DR.C.3,600,000.CR.D.6,000,000

16. DR.D.5,000,000.CR.A.5,000,000

17. DR.F.75,000.CR.E.75,000

18. DR.F.50,000.CR.E.50,000

19. DR.B.2,000,000.DR.C.2,875,000.DR.F.125,000.CR.D.5,000,000

20. DR.B.2,000,000.CR.A.2,000,000

21. DR.C.3,000,000.CR.B.2,000,000.CR.D.1,000,000

INTANGIBLE ASSETS

1. No, because it is not identifiable


2. Both A and B
3. Only statement 1 is true
4. Both statements are
true.
5. Wasting Asset 5,000,000
Cash 5,000,000
6. Intangible Asset
7. Only statement 2 is true
8. Both statements are
true
9. Only statement 2 is true

10. 270,000

11. 370,000

12. 230,000

13. 292,000
1,670,00
14. 0

15. 365,000
FUNDS AND OTHER INVESTMENTS

1. DR.C.1,322,987.CR.A.1,322,987
2. DR.C.158,758.CR.D.158,758
3. DR.C.1,322,987.CR.A.1,322,987
4. DR.C.336,567.CR.D.336,567
5. DR.C.1,322,987.CR.A.1,322,987
6. DR.C.535,714.CR.D.535,714
7. DR.B.5,500,000.CR.A.50,000.CR.C.5,000,000
8. DR.D.87,500.CR.B.87,500

9. DR.D.150,000.CR.A.150,000

10. DR.C.100,000.CR.D.33,333.CR.F.66,667
11. DR.B.87,500.CR.D.87,500

12. DR.C.25,000.CR.D.25,000

13. DR.D.87,500.CR.B.87,500

14. DR.D.150,000.CR.A.150,000

15. DR.B.87,500.CR.D.87,500

16. DR.C.37,500.CR.D.37,500

17. DR.C.50,000.CR.D.50,000

18. DR.C.50,000.CR.D.50,000

19. DR.A.1,200,000.CR.C.300,000.CR.D.87,500.CR.E.812,500

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