Accounting Quiz Questions and Answers: Recording Process debit and credit

Accounting Quiz Questions and Answers: Accounting Quiz or Test Your Knowledge on The Recording Process. Refresh or test your accounting knowledge by answering the questions in the video
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Really nice

[@SocratGhadban]

Thank you :)

[@ThumbelinaMike-dp6ng]

Really love your quiz video ❤

[@SocratGhadban]

Thank you :)

[@omozeaugustaoboh1285]

Hi. I love you quiz videos. They are really relaxing 😊

[@SocratGhadban]

Hi.. Thank you. I hope the relaxation you're having comes with correct answers :)

[@omozeaugustaoboh1285]

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[@mimiwmichael372]

Thanks so much very good question 👍👍👍😍😍😍

[@SocratGhadban]

thank you!!!

[@user-ge1tz6yi9x]

Nice explain sir good information

[@SocratGhadban]

Thank you!

[@samdbjfo4551]

Txs teacher

[@SocratGhadban]

My pleasure!

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Continue

[@SocratGhadban]

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[@SocratGhadban]

To enjoy while studying :D

[@eddiemagaya6610]

Hi , please advice on Question 10 , a cash advancement from customer , is suppose to be regarded as a prepayment , therefore its a liability . Yes an asset cash has increased , but since its an advance , it is therefore a prepayment ( unearned revenue) , therefore a liability.

[@SocratGhadban]

Hello, exactly, but here the option available is liability decrease which is wrong, the only option available and correct is asset increase, more precisely cash increase.

[@eddiemagaya6610]

Hi , k , I see what you mean , 100% happy.
Your quiz questions are extremely helpful. Thank you soo much , keep up the good work

[@SocratGhadban]

Much appreciated. Cheers@@eddiemagaya6610

[@sultee22]

Agricultural economics question Please 🙏

[@user-lr7gy9uv1q]

I GOT 10 10

[@SocratGhadban]

Bravo! well done

[@user-lk6lh7fu1i]

selam and tiyakea lamatayaki nbr budget lay budget surplus ena.buget deficit endet.nw minaskamitew malt asararun bitasradag

[@SocratGhadban]

English, please

[@user-lk6lh7fu1i]

okey budget surplus and budget deficit the different

[@SocratGhadban]

@@user-lk6lh7fu1i it's an economics question no?
Government spending > taxes = budget deficit, the opposite is surplus

[@Meron-vi8od]

Betam yifatnal teyakw please

[@SocratGhadban]

??

[@neethunethu1755]

Malayalathil ayako

[@sultee22]

Agricultural economics question Please 🙏