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Dentistry Practice Transactions Quiz
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Dentistry Practice Transactions Quiz

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@RestfulLogarithm

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Questions and Answers

What was the total amount invested in the dental practice by P. Moran at the beginning?

  • P250,000
  • P265,000
  • P300,000 (correct)
  • P300,500

    • Which transaction represents an expense for the dental practice?

  • Purchasing dental supplies P14,500
  • Receiving payment from D. Fernando in full
  • Collecting P28,000 for completed dental work
  • Withdrawing P8,000 for personal living expenses (correct)

    • What was the total amount paid for utility bills and telephone bill combined?

  • P15,750 (correct)
  • P8,750
  • P14,750
  • P6,750

    • Which transaction represents a revenue for the dental practice?

    <p>Completing dental work to A. Moreno and collecting P28,000 in full</p> Signup and view all the answers

    What was the total amount paid to G. Liwanag as a partial payment of the account due to him?

    <p>P15,000</p> Signup and view all the answers

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