
R General Knowledge 1
Quiz
•
Professional Development
•
Professional Development
•
Practice Problem
•
Medium
Janice Stait
Used 12+ times
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10 questions
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1.
DROPDOWN QUESTION
1 min • 1 pt
Name the discount deducted when an invoice is paid quickly. (a)
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A carried down bank balance on the ________ side of the cash book means that there is money in bank.
Debit
Credit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The type of double-entry account which summaries the totals of transactions in other accounts is a
Summary Account
Subsidiary Account
Final Account
Control Account
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The ledger which contains the accounts for trade payable transactions is the
Payables Ledger
Receivables Ledger
General Ledger
Nominal Ledger
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The VAT fraction is
1/2
1/3
1/6
1/12
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An internal document completed by a buyer to check the details of an order received from a supplier is a
Purchase Order
Delivery Note
Goods Received Note
Returns Note
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Capital plus Liabilities equals what
Non-current Assets
Drawings
Assets
Current Assets
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