Understanding Book of Prime Entry

Which of the following are not Book of Prime Entry?

• Journal

• Cash book

• Petty cash

• Ledger

Cashbook and Petty cash is a document that recorded cash transaction in business only.

• True

• False

General Journal and Special Journal are to record credit transaction in business only.

• True

• False

All the following item is to record in special journal EXCEPT

• Purchase Journal

• Sales Journal

• Return Inward Journal

• Return Outward Journal

• Additional Capital

General Journal is to record the following business transaction EXCEPT

• Opening Entry

• Purchase and Sales of fixed asset

• Drawing goods and fixed asset

• Additional Capital

• Purchase and Sales of goods

Which of the following are correct statement of General Journal?

• Is to record assets, liabilities and owner equity to start the new accounting period.

• is to record when goods are bought on credit from the suppliers.

• is to record purchase and sales of cash transaction.

• is to record the daily expenses of company.

Special Journal is an accounting that record designed for specific type of routine transaction quickly and efficiently, which of the following transaction are not recorded in special journal.

• Paid purchase to supplier by cash

• Return of goods sold to the supplier from the businessman

• Credit Purchase of goods

• Assets sold on credit

All the following transaction are to be recorded in General Journal, EXCEPT

• The owner of Tesco Mergong brought in his own computer for office use value for RM2, 000.00

• Tesco Mergong purchased goods on credit from IKEA Batu Kawan value RM70, 000.00.

• The owner of Tesco Mergong took goods for personal use value RM2, 500.00.

• Tesco Mergong received a cheque of RM500 from Southbank as commission.

For the following statement, which journal should it recorded?

"Munir purchased goods RM9,200 on credit."

• Purchase Journal

• Sales Journal

• Return Purchase Journal

• Return Sales Journal

The customer return of the damaged goods to the supplier.

• Return Sales Journal

• Return Purchase Journal

• Purchase Journal

• Sales Journal