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- 1. Multiple Choice
1. A source document is
The origin of the information that is recorded into the accounting books
The origin of the information that is taken from the accounting books
Not the origin of information that is recorded into the accounting books
- 2. Multiple Choice
2. A customer returns goods to a business, which source document is issued?
Debit Note
Credit Note
Invoice
- 3. Multiple Choice
3. A credit sale is made to a customer, which accounting document is issued to the customer?
Cash Bill
Invoice
Debit Note
Memo
- 4. Multiple Choice
4. Proprietor withdrew goods for personal use. Which documents is issued?
Cash Bill
Memo
Cheque Bulk
Invoice
- 5. Multiple Choice
5. Sold old table to Nelly on credit. Which journals need to be recorded?
Sales Journal
Purchases Journal
General Journal
Cash Book
- 6. Multiple Choice
6. Lily is a computer seller. On 1 January 2019, she sold a typewriter to Hui Hui on credit. Lily should records at which books?
General Journal
Sales Journal
Purchases Journal
- 7. Multiple Choice
7. Received invoice from Benson for goods purchased. Which journals need to be recorded?
Sales Journal
Purchases Journal
- 8. Multiple Choice
8. Discounts given to customer to encourage them to purchase in a large volume is know as?
Discounts Allowed
Discounts Received
Trade discounts
Cash discounts
- 9. Multiple Choice
9. Which transactions is not recorded in General Journal?
Brought motor van for business use
Purchase goods on credit
Withdrew goods for own use
Sold air conditioner on credit
- 10. Multiple Choice
10. Mei Mei returned damaged goods to Jenny. Which books should Jenny recorded?
Returns Outwards Journal
Returns Inwards Journal
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