
Sales day book
Authored by atlas resources
Other
11th - 12th Grade
Used 23+ times

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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the book of prime entry to post credit sales.
Cash book
sales day book
purchases day book
sales returns day book
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the double entry for credit sales.
Cash Dr / Sales Cr
Bank Dr/ Sales Cr
Trade receivables Dr/ Sales Cr
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sold goods on credit to Allen $2,000. Trade discount 10%.
Identify the trade discount.
$200
$100
$1,800
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sold goods on credit to Allen $2,000. Trade discount 10%.
Identify the amount after deducting the trade discount.
$200
$100
$1,800
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sold goods on credit to Kelly $1,000. Trade discount 20%.
Identify the trade discount.
$200
$100
$1,800
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Sold goods on credit to Kelly $1,000. Trade discount 20%.
Identify the amount after deducting the trade discount.
$200
$100
$800
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Trade discount is provided for the purpose of ....
bulk - buying
prompt payment
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