Bookkeeping transactions

Bookkeeping transactions

Professional Development

20 Qs

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Bookkeeping transactions

Bookkeeping transactions

Assessment

Quiz

Professional Development

Medium

Created by

Victoria Carver

Used 20+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many stages are there to the accounting system?

4

5

3

6

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT an example of a book of prime entry?

Cashbook

Sales returns day book

Trial Balance

Discounts allowed day book

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is recorded in the purchases ledger?

Trade payables

Trade receivables

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of below represents the Accounting Equation?

Assets + Liabilities = Capital

Assets - Liabilities = Capital

Assets + Capital = Liabilities

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of below is in the correct order?

Purchase Order, Quotation, Delivery Note, Invoice

Quotation, Invoice, Delivery Note, Statement

Quotation, Purchase Order, Statement, Invoice

Quotation, Purchase Order, Delivery Note, Invoice

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of discount is calculated by the customer, after the invoice total?

Prompt Payment Discount

Trade Discount

Bulk Discount

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money going OUT of the bank account is always a....

Debit

Credit

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