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SingaporeAccountingQuick questions
The Double Entry Recording System
Quick questions on Recording in ledger accounts explained: O-Level Principles of Accounts
5short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the layout of a T-account?Show answer
A ledger account is drawn as a capital T. The account name sits at the top; the debit entries go on the left, the credit entries on the right:
What are contra entries?Show answer
When both sides of a single transaction appear in the cash book (for example, cash banked: cash down, bank up), the matching entries are marked with the letter C for "contra", showing that the two halves are within the same book.
What is q1?Show answer
Draw the heading of a T-account and state which side is debit and which is credit. [2 marks]
What is q2?Show answer
Post a cash sale of \400$ to the two relevant accounts, with cross-references. [2 marks]
What is q3?Show answer
Explain why a cross-reference names the other account in the double entry. [2 marks]
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