1. 1
10
2 3
4 5 6
7 8 9
11 12

3. A gift is coming!!!

7. B auditors
creditors
accountants
managers
C
D
A
The credibility of the financial
reports is examined by ……..

8. Credit
A
Debit
Credited
Debited
D
B
C
The entry on the left side
of a T-account is called a…

9. Which of the following is not
tangible fixed asset?
house
A
land
trademark
equipment
D
B
C

10. B marketing
personnel
manufacturing
receiving information
C
D
A
….. departments are interested in
the health of employees

11. Transactions involving desks,
chairs and office machines are
recorded in…… account
cash
A
revenue
office equipment
machinary and equipment
D
B
C

12. B three
two
four
five
C
D
A
There are ……….. types of
equity

13. Increase in liability is …..
to liability accounts ?
credit
A
debited
credited
debit
D
B
C

14. B owner’s withdrawals
revenues
owner’s investments
sales
C
D
A
Which of the followings decrease
owner’s equity?