JOURNALS

The quantity, unit price, and description of goods sold on credit is written on a/an

• cheque

• debit note

• credit note

• invoice

Purchases journal is also known as purchases ______

• day book

• asset

• auxillary

• balance

Mr. Tammy bought goods from Sokari without immediate payment, therefore, Tammy is a ________

• creditor

• customer

• debtor

• trader

A payment voucher does NOT carry one of the following information.

• Name and address of the issuing organization

• The travelling expense incurred

• Account to be charged and amount to pay

• Name and signature of the accountant of the issuing organization

The double entry principle states that for every debit entry, there must be a corresponding ______ entry

• balance

• debit

• credit

• account

Another name for subsidiary book is

• Book of original entry

• cash book

• sales day book

• purchases day book

Damaged goods returned to the suppliers are first recorded in the

• cash book

• sales return book

• purchases return book

• cash register

The abbreviation 'Cr' in bookkeeping means

• controller

• carry over

• credit

• conductor

Balance c/d means

• Balance carried down

• Balance credit down

• Balance conductor down

• Balance carry-over down

Bal. b/d means

• Balance brought down

• Balance bad debt

• Balance brought debt

• Balance bad down