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FINAREP

Authored by Anne Merca

Mathematics

University

Used 1+ times

FINAREP
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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

process of keeping a record of all business transactions in chronological order

Journalizing

Posting

Adjusting

Summarizing

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

used to record the credit purchase of the company

Purchase Journals

Sales Journals

General Journal

Cash Receipt Journal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

record the credit sale of merchandise only

Purchase Journal

Sales Journal

Cash Payment Journal

Cash Receipt Journal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

used to record the cash inflows of the company

Cash Payment Journal

Sales Journal

Cash Receipt Journal

General Journal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

record all the disbursement transaction of the business

Cash Payment Journal

Cash Receipt Journal

General Journal

Sales Journal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

record transactions that cannot be directly recorded in the previous journal.

Sales Journal

Purchase Journal

General Journal

Cash Receipt Journal

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Process of transferring journal entries to a ledger

Journalizing

Posting

Adjusting

Summarizing

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