F3 TRUE FALSE

F3 TRUE FALSE

University

48 Qs

quiz-placeholder

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F3 TRUE FALSE

F3 TRUE FALSE

Assessment

Quiz

Mathematics

University

Medium

Created by

Huyen Khanh

Used 3+ times

FREE Resource

48 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The sales return day book is the book of prime entry for credit sales

T

F

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The journal records all bank and cash transactions

T

F

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An invoice is raised by the business in order to confirm the amount not yet paid

T

F

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash book is the book of original entry for cash receipts and disbursements.

T

F

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debit note is in effect a request for a credit note

T

F

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A debit records a decrease in liabilities or an increase in assets

T

F

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Credits increase liability, equity, and expense account

T

F

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