Journals and Ledgers
Authored by Delpha Frater-Walker
Business
University
Used 8+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following should be recorded in the general journal?
A. Debt Written off as bad
B. Goods returned to supplier
C. Goods sold for cash
D. Trade discounts allowed to customers
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following states the correct order of the stages in the accounting cycle?
A. Journalizing, posting to ledger, trial Balance, Final Accounts
B Journalizing, trial Balance, Posting to Ledger, Final Accounts
C. Posting to Ledger, Journalizing, Trial Balance, Final Accounts
D. Posting to Ledger, Trial Balance, Journalizing, Final Accounts
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
This book of original entry is used to record all credit purchases.
4.
OPEN ENDED QUESTION
3 mins • Ungraded
Distinguish between discount received and discount allowed.
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
5 mins • Ungraded
Explain THREE uses of the General Journal.
Evaluate responses using AI:
OFF
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Debtors accounts are found in the_______________.
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