Quiz 44: Cash Receipts and Payments Transactions Quiz

Test your knowledge of double entry bookkeeping with our cash receipts and payments transactions quiz.

If you need a refresher course on this topic you can view our basics of bookkeeping tutorials here.

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4. The receipt of cash from issuing notes payable includes what type of entry to the notes payable account?

5. Preferred stock issued for cash includes what type of entry to the preferred stock account?

7. The selling of equipment for a profit includes what type of entry to the gain on disposal account?

8. The payment of a supplier in cash includes what type of entry to the accounts payable account?

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The cash receipts and payments transactions quiz is one of many of our online quizzes which can be used to test your knowledge of double entry bookkeeping, discover another at the links below.

About the Author

Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.

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