F4 POA Books of Original Entry Quiz

There are (a)   books of original entry. (do not include petty cash in your count)

The books of original entry are also called books of (a)   entry.

Choose the book of original entry from the options.

• Sales ledger

• Sales journal

• Trial Balance

• Income Statement

Which is the first step in the accounting cycle?

• Prepare the trial balance

• Prepare the Income Statement

• Sort and analyse source documents

• Post to ledger

Which is the last step in the accounting cycle?

• Sort and analyse source documents

• Post to the ledger

• Prepare the final accounts

• Extract a Trial Balance

The Income Statement is prepared from the list of items in the_____________ .

• Journal

• Ledger

• Trial Balance

• Cash Book

Which book of original entry records goods sold on credit?

• Sales journal

• Purchases journal

• Cash Book

Which ledger will record the accounts of payables (suppliers)?

• Sales ledger

• Purchases ledger

• General ledger

Which book of original entry records all transactions involving cash and cheques?

• Sales journal

• Purchases journal

• Cash book

• Sales ledger

The names in the Sales Journal are______________ ?

• Accounts receivables

• Accounts payables

• Persons who bought goods for cash