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Accounting Review Journals

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Accounting Review Journals
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25 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A special journal used to record only sales of merchandise on account.

Purchases Journal
Sales Journal
Cash Payments Journal
Cash Receipts Journal

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A journal with two amount columns in which all kinds of entries can be recorded.

General Journal
Sales Journal
Purchases Journal
Cash Payments Journal

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which journal is used to record a sale on account?

Cash Receipts Journal
Purchases Journal
Sales Journal
Cash Payments Journal

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following is not a special journal

Cash Payments
Petty Cash
Cash Receipts
Purchase

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A customer returns a purchase - which account and journal is it posted in?

Sales Journal - Sales returns and allowances
Sales journal - Purchase returns and allowances
General Journal - Sales returns and allowances
General Journal - Purchase returns and allowances

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A cash discount on sales taken by a customer.

Sales Discount
Sales Return
Sales Allowance
Sale on Account

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A special journal used to record only cash receipt transactions.

Purchases Journal
Sales Journal
Cash Payment Journal
Cash Receipts Journal

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