The accounting equation and double entry

Question 1 of 10

A petty cash book kept on the imprest system is

Question 2 of 10

Paying a creditor GH¢300 by cheque is recorded as

Question 3 of 10

Buying office furniture for cash affects

Question 4 of 10

A business has assets of GH¢50,000 and liabilities of GH¢15,000. What is its capital?

Question 5 of 10

An increase in an asset is recorded as a

Question 6 of 10

In double entry, every transaction affects

Question 7 of 10

A business has assets of GH¢50,000 and liabilities of GH¢20,000. Its capital is

Question 8 of 10

Credit sales are first recorded in the

Question 9 of 10

An increase in a liability is recorded as a

Question 10 of 10

The owner brings GH¢10,000 cash into the business. The entry is