• Cagayan de Oro College - Carmen, Cagayan de Oro City

• ACC 110

Chapter 1 Fill in the Blanks 1. summanizing; imterpreting 2. business transaction 3. monetary 4. entity 5. objectivity 6. historical cost Multiple Choice 1. B 6. 2. A 7. 3. A 8 4, A S. C Chapter 2 Fill in the Blanks 1. assets 2. decrease 3. debit 4. exchange 5. debit; credit Fill in the Blanks 1. recording 2. classifying 3. ummarizing 4, interpreting 5. credited True or False 1. T 6. 2. T 7. 3. F 8. 4. F 9. S. T 10. o No - T True or False 1. T 6. 2. T 7. 3. T 8. 4, F 9. 5. F 10. Multiple Choice 1. B 6. A 2. E 7. A 3. B 8. D 4. D 9. C 5. C 10. C 6. equal: two 7. credit 8. cash 9. ledger account 10. expenses 6. credited 7. debited 8. owner's equity 9. transactions 10. assets 11. T 12. F 13. T 14. T 15. T o B B Bie s ML | 11. T 16. T 12. T 17. T 13. F 18. T 14. F 19. T 15. F 20. T 11. A 16. D 21. 12. A 17. E 22. 13. A 18. D 23. 14. G 19. A 24 15. A 20. A 25. 11. Accounts Receivable 12. withdrawals 13. debit side 14. debits 15. debuts 11. owner’s equity 12. liability 13. cash 14. accounts payable 15. owner's equity Multiple Cheice 1. C 6. D 2. A 7. D 3. C 8. C 4. A 9. A 5. A 10. C 2 19 o o =~ ooeE e 16 17 18 19 R 19. Multiple Choice T 1. C 6. C F 2. C 7. D F 3. D 8. C T 4, B 9. A 5. C 10. B 26. D 31. 27. A 32. 28. B 29. C 30. B Fill in the Blanks . bookkeeping 1. debit, debit. credit . Liabilities 2. credit, credit, debit . capital 3. credit. credit, debit . balance sheet 4. credit. credit. debit 5. debit, debit, credit capital debit side credit side debited credited