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

The books of original entry are also called books of ___________ 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