Accounting Review BPE and SD

What is book of prime entries?

• a. recording of financial data

• b. where transactions are listed prior to being posted to the double entry

• c. subsidiary books

• b and c

The following items are recorded in the general journal except

• Purchase on non-current assets on credit

• Purchase of goods on credit from supplier

• Withdrawal of goods by the owner for personal consumption

• Opening entries, adjusting entries and closing entries

The sales journal is

• used to record all sales

• used only to record sales of goods on credit

• used only to record cash sales

• used only to record sales of assets on credit

The purchase journal is

• used to record credit purchases

• used to record cash purchases

• used to record all purchases

• all of the above

A credit note received from a supplier should be recorded in the

• cash receipts journal

• general journal

• return inwards journal (SRJ)

• return outwards journal (PRJ)

Which of the following item should be recorded in the Purchase Return Journal

• Purchase of goods on credit from Abu Trading

• Sales of goods on credit to Aminah Sdn Bhd

• Return of goods to Salmah Enterprise (Supplier)

• Return of goods from Malik & Co (Customer)

Which of the following item should be recorded in the General Journal

• Purchase of assets by cash

• Capital contribution by owner in form of cash

• Drawing of goods by owner

• Sales of asset by cheque

Which of the following item should be recorded in the Sales Journal

• Sales of goods to Zizi by cash

• Sales of assets to Zaza on credit

• Sales of assets to Zuzu by cheque

• Sales of goods to Zozo on credit

The source document for returned goods

• Purchase Invoice

• Sales Invoice

• Credit Note

• Cash Receipt

The source document for goods purchased on credit

• Purchase Invoice

• Sales Invoice

• Credit Note

• Cash Receipt