Test Debit and Credit by dolla

Basic Debit and Credit

I.

Basic Know Accounting element

1) What is accounting?
a) Is langue of business
b) Double entry
c) Analyze all transaction
d) Recording all transaction
e) All answer
2) What is Assets?
a) The resource owned by company
b) Rights of the creditor, which represent debits of the business
c) The rights of the owner
3) Which are Assets?
a) Account Receivable
b) Account payable
c) Cash
d) Stationary
e) Office Supply
f) Building
g) Rent Expense
h) Loan Outstanding
i) Prepaid Expense
4) What is Liability?
a) The obligation of company which has to pay back Creditor
b) The resource owned by company
c) The rights of the owner
5) Which are Liabilities?
a) Loan borrowing
b) Account payable
c) Note payable
d) Prepaid Expense
e) Salary Payable
f) Commission on loan
g) Rent Payable
h) Saving Deposit by Client
6) What is Owner equity?
a) The rights of the owner
b) The resource that owned by company
c) The rights of creditor
7) Which is Owner Equity?
a) Capital invest
b) Expense
c) Revenue
8) Which are expense?
a) Office Rent
b) Prepaid Insurance
c) Prepaid office
d) Salary Payable

Test Debit and Credit by dolla

e) Salary Expense
f) Buy Stationary
g) Pay Meeting
h) Buy Computer
i) Pay tax
j) Utilities Expense
k) Garbage Expense
l) Advertising Expense
m) Computer
n) Building
o) Saving Deposit to Bank
II.
1.

2.

3.

4.
5.
6.
7.
III.

Basic Debit and Credit:

Foundational of accounting equation state:
a) Asset = Liability + Owners equity
b) Asset = Liability + Drawing
c) Asset = Liability + Net Income
d) Asset = Liability + Net Income Owners equity
e) Asset = Liability Owner Equity
Which one of basic rule for debit and credit?
a. Debit means increase and Credit means decrease
b. Debit means decrease and Credit means increase
c. Debit means Right Side and Credit means Left Side
d. Debit means Left Side and Credit means Right
e. Debit and Credit must unequal
Which Debit or Credit that Asset increase or decrease?
a. Asset increases on Debit side
b. Asset decreases on Credit Side
c. Asset decrease on Debit Side
d. Asset increases credit side
Which Debit or Credit that Liability Increase or Decrease?
a. Liability increases on Debit Side and increase on Credit Side
b. Liability decrease on Credit Side and Decrease on Debit Side
Which Debit or Credit that Capital Increase or Decrease?
a. Capital increase on Debit Side and Increase Credit Side
b. Capital decrease on Credit Side and increase on Debit Side
Which Debit or Credit that revenue increase or decrease side?
a. Revenue increase on Credit and decrease on Debit
b. Revenue decrease on debit and increase credit side
Which Debit or Credit that expense increase or decrease side?
a. Expense increase on Credit and decrease on Debit
b. Expense increase on Debit and Decrease on Credit
Please choose the best answer for all questions and prepare T
account for transaction:
1. NK Somla bought Stationary from Sen Sophea Shop in amount
500,000 Riels and paid cash
a)
.
Cash has debit and Stationary has Credit Side
b)
Cash has credit and stationary and debit side
2. NK Somphos bought computer supply from Seng Hourt Computer in
amount 100,000 Riels on credit(on account)

Test Debit and Credit by dolla

3.

4.

5.

6.

7.

a)
Cash has credit and computer supply has debit side
b)
Cash has credit and computer has credit side
NK Mutita borrows loan from Branch Kosh Nheak with amount
10,000,000 Riels and pay both principle and interest amount 200,000
Riels on Jan 02, 2016.
a)
Loan Outstanding has increase on debit and Cash
decrease on debit
b)
Loan Outstanding has increase on debit and cash
decrease on credit
On Jan, 02 2016 NK Mutita has paid amount loan borrowing to Branch
Kosh Nheak principle 200,000 Riels
a)
Loan Outstanding decrease and Cash increase
b)
Cash decrease and Principle decrease
On 02 Jan 2016, Sreyluck buys generator with amount 2,000,000 Riels
a)
Assets increase and Cash decrease
b)
Assets increase and Equity increase
c)
Cash decrease and Liability increase
On 3 Jan 2016, Danoeurn paid rental expense for office at Lomphat
with amount 300,000 Riels
a)
Expense increase and assets decrease
b)
Expense increase and liability increase
c)
Expense increase and equity increase
d)
Expense increase and cash decrease
On 25 Jan 2016, Company paid to Livins salary amount 2,220,000
Riels
a)
Salary expense increase and Cash decrease
b)
Salary expense increase and account payable increase
c)
Salary expense increase and liability decrease

Tax concept:
8. What is tax rate for rental?
a)
10%
b)
6%
c)
4%
d)
20%
9. What is tax rate for service?
a)
10%
b)
12%
c)
4%
d)
15%
10.Rental expense for office banlung 2,000,000 Riels, how much tax
amount?
a)
200,000 Riels
b)
80,000 Riels
c)
300,000 Riels
11. Garbage expense 100,000 Riels, how much tax amount?
a)
10,000 Riels
b)
15,000 Riels

Test Debit and Credit by dolla

c)
4,000 Riels
12.What is tax rate for hope saving of resident person?
a)
4%
b)
5%
c)
6%
d)
20%
13.What is tax rate for fixed deposit Account for resident person?
a)
4%
b)
6%
c)
14%
14.Miss Somphos deposits 10,000,000 Riels for hope Account, what is tax
amount on interest rate?
a)
400,000 Riels
b)
600,000 Riels
c)
1,400,000 Riels
15.Miss Mutita deposits 10,000,000 Riels for Fixed Account, what is tax
amount on interest rate?
a)
400,000 Riels
b)
600,000 Riels
c)
1,400,000 Riels