Books of Original Entry and Ledgers
Authored by Dean Hoss
Social Studies, Business, Other
9th Grade - Professional Development
Used 391+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following is a 'Book of Original Entry' ?
The sales (debtors) ledger.
The purchases journal (daybook).
The general (nominal) ledger.
The purchases (creditors) ledger.
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following are entered in the Purchases Journal (otherwise known as the Purchases Daybook) ?
Payments to suppliers.
Trade discount.
Invoices received from suppliers.
Cash discount (also known as settlement discount) received.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a personal account ?
Buildings.
Wages.
Debtors.
None of the above.
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The nominal ledger (also known as the general ledger) is . . .
the 'book' from which the trial balance is extracted.
a 'book of original entry'.
the 'book' in which transactions are first recorded.
None of the above.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
'Posting' means . . .
making the first record of transactions.
recording transactions in a book of original entry.
transferring the total(s) of a book of original entry to the nominal (general) ledger.
None of the above.
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