Financial Services 804 General Revision

Purchasing supplies is a type of :

• Business transaction

• Business document

• Business Agreement

• Business Idea

Ameer sold merchandise on account to Asma then the suitable business document that should be used is :

• Invoice

• Cheque

• Memorandum

• Deposit slip

A written, dated and signed instrument that contains an unconditional order from the drawer that directs the bank to pay a definite sum of money to payee.

• Cheque

• Deposit slip

• Memorandum

• Vouchers

On May 19 Ali consultation company issued cheque to Mohammed Pay for salaries expense. Then the general journal that should be recorded is :

• DR. Cash and CR. Salaries expense

• DR. Account receivable and CR. Salaries expense

• DR. Salaries expense and CR. Account payable

• DR. Salaries expense and CR. Cash

Amani provide consultation services on account then the journal entry that should be recorded is :

• DR. Consultation Services Revenue and CR. Cash

• DR. Cash and CR. Consultation Services Revenue

• DR. Account receivable and CR. Consultation Services Revenue

• DR. Consultation Services Revenue and CR. Account Payable

For effective filling, you should do all of the following except :

• Merge ongoing work with completed work.

• Avoid saving unnecessary work.

• Make digital copies of paper documents.

• Store related documents together.

The following business document is :

• Withdraw memo

• Deposit memo

• Invoice

• Receipt

Based on the given document ,the general journal that should be recorded in the books of Anwar company is :

• DR. Cash and CR. Capital

• DR. Capital and CR, Cash

• DR. Drawing and CR. Cash

• DR. Cash and CR. Drawing

Which of the following account will take an account number in rage in 101-199 ?

• Building

• Service Revenue

• Commission Income

• Advertising expense

Which of the following account will take an account number in rage in 401-499 ?

• Fees earned

• Premises

• Loan

• Land