Journals

1. A source document is

• The origin of the information that is recorded into the accounting books

• The origin of the information that is taken from the accounting books

• Not the origin of information that is recorded into the accounting books

2. A customer returns goods to a business, which source document is issued?

• Debit Note

• Credit Note

• Invoice

3. A credit sale is made to a customer, which accounting document is issued to the customer?

• Cash Bill

• Invoice

• Debit Note

• Memo

4. Proprietor withdrew goods for personal use. Which documents is issued?

• Cash Bill

• Memo

• Cheque Bulk

• Invoice

5. Sold old table to Nelly on credit. Which journals need to be recorded?

• Sales Journal

• Purchases Journal

• General Journal

• Cash Book

6. Lily is a computer seller. On 1 January 2019, she sold a typewriter to Hui Hui on credit. Lily should records at which books?

• General Journal

• Sales Journal

• Purchases Journal

7. Received invoice from Benson for goods purchased. Which journals need to be recorded?

• Sales Journal

• Purchases Journal

8. Discounts given to customer to encourage them to purchase in a large volume is know as?

• Discounts Allowed

• Discounts Received

• Trade discounts

• Cash discounts

9. Which transactions is not recorded in General Journal?

• Brought motor van for business use

• Purchase goods on credit

• Withdrew goods for own use

• Sold air conditioner on credit

10. Mei Mei returned damaged goods to Jenny. Which books should Jenny recorded?

• Returns Outwards Journal

• Returns Inwards Journal