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- 1. Multiple Choice
A credit note is issued by
a customer
a supplier
- 2. Multiple Choice
The return of the damaged book by the customer
Sales Return Journal
Purchases Return Journal
Cash Book
General Journal
- 3. Multiple Choice
Client settles debts by cheque
Sales Journal
Purchases Journal
Cash Book
General Journal
- 4. Multiple Choice
Sell assets on credit
Sales Journal
Purchases Journal
Cash Book
General Journal
- 5. Multiple Choice
Sale of goods in cash
Sales Journal
Purchases Journal
Cash Book
General Journal
- 6. Multiple Choice
owner brings in cash into the company
Sales Journal
Purchases Journal
Cash Book
Special Journal
- 7. Multiple Choice
Buy the goods on a credit basis
Sales Journal
Purchases Journal
Cash Book
General Journal
- 8. Multiple Choice
Buy goods on credit
Sales Journal
Purchases Journal
Cash Book
General Journal
- 9. Multiple Choice
owner takes a book from his shop to be awarded to his son
Sales Journal
Purchases Journal
Cash Book
General Journal
- 10. Multiple Choice
Returned damaged goods to credit supplier
Sales Returns Journal
Purchases Returns Journal
Cash Book
General Journal
- 11. Multiple ChoiceAn action taken place by a business and the effect of this is measured in money is atransferaccounttransactionledger
- 12. Multiple ChoiceA place where financial information is recorded is called a / anaccounttransactionsalespurchases
- 13. Multiple ChoiceThe debit side is on which side of the account?LeftRight
- 14. Multiple ChoiceThe credit side of an account is on theleft sideright side
- 15. Multiple ChoiceWe use the debit side of the account to showAssetsliabilitiesgains
- 16. Multiple ChoicePhone bills, wages and insurance are examples ofgainsrevenuecapitalexpenses
- 17. Multiple ChoiceBills that we owe areassetspurchasesliabiliteswages
- 18. Multiple ChoiceHow a company or firm earns money through normal business activity is calledrevenuescapitalaccountingwages
- 19. Multiple Choice
When customer wish to order the good will sent to supplier
a credit note
an invoice
a purchase order
a sales order
- 20. Multiple Choice
Goods are delivered together with
a delivery note
a credit note
a remittance advice
a purchase order
- 21. Multiple Choice
How many parts has a delivery note
1
2
3
4
- 22. Multiple Choice
An invoice is issued by
a supplier
a customer
- 23. Multiple Choice
Remittance advice is a document issued by
a supplier
a customer
- 24. Multiple Choice
Register of invoices received
Sales day book
Purchases day book
Sales returns day book
Purchases returns day book
- 25. Multiple Choice
Register of invoices issued
Sales day book
Purchases day book
Sales returns day book
Purchases returns day book
- 26. Multiple ChoiceThe difference between a cash receipt and an invoice is:A invoice is to indicate that a sale has been received whereas, a receipt outlines that a sale has been authorised.A receipt is to indicate that a sale has been received whereas, a invoice outlines that a sale has been authorised.
- 27. Multiple ChoiceA payee on the cheque is:The person who's name appears on the check and is receiving the chequeThe person writing the chequeThe bankCheque number
- 28. Multiple ChoiceA deposit slip is:An order to a bank to pay a stated sum from the drawer's account, written on a specially printed form.A slip accompanying a bank deposit and containing an itemised list of checks or cash deposited, the date, and the depositor's signature.
- 29. Multiple ChoiceA deposit slip is:An order to a bank to pay a stated sum from the drawer's account, written on a specially printed form.A slip accompanying a bank deposit and containing an itemised list of checks or cash deposited, the date, and the depositor's signature.
- 30. Multiple Choice_____________ is a source document that shows a summary of all sales/credit vouchers processed using a credit carded service.CashbookMerchant SummaryCredit Summary
- 31. Multiple ChoiceThe petty cash system is set up using a:Balance systemImprest systemPetty cash system
- 32. Multiple ChoiceThis records the actual amounts spent from the petty cash during the month:VouchersPetty Cash BoxPetty Cash Book
- Answer choicesTagsAnswer choicesTags