Accounting Practice 5.1

Accounting Practice 5.1

10th - 12th Grade

10 Qs

quiz-placeholder

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Accounting Practice 5.1

Accounting Practice 5.1

Assessment

Quiz

Other

10th - 12th Grade

Medium

Created by

Nadarajan Yuven

Used 10+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Purchase goods on credit from Sofea should be recorded in...

Sales Journal

Cash Book

Purchase Journal

Purchase Return Journal

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Cash sales to Aminah should be recorded in...

Cash Book

Purchase Journal

Sales Journal

Sales Return Journal

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Paid wages by cheque should be recorded in...

Purchase Journal

Cash Book

Sales Journal

Purchase Return Journal

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following best describes current account

Used for regular payments into and out of a bank account

To gain more interest on funds deposited in a bank

Changing with many banks linking current accounts to deposit accounts

For the bulk clearing of cheques and paper credits

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Cash book records ………… receipts and payments.

Cash

Cash and credit both

Credit

Either cash or credit

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Generally cash book is made on …………….basis

Weekly

Yearly

Monthly

All of them

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the debit and credit aspects of a transaction are recorded in the cash Book it is called as..

Contra entry

Double entry

Simple entry

Single entry

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