Special Journals

Special Journals

University

15 Qs

quiz-placeholder

Similar activities

General and Special Journals Review

General and Special Journals Review

Chapter 4 Quiz

Chapter 4 Quiz

Accounting Chapter 10, 11e

Accounting Chapter 10, 11e

Special Journals Review- Transactions

Special Journals Review- Transactions

Accounting Chapter 7 Test

Accounting Chapter 7 Test

Chapter 9 Accounting 10e

Chapter 9 Accounting 10e

Review

Review

Accounting Review Quiz #1

Accounting Review Quiz #1

Special Journals

Special Journals

Assessment

Quiz

Business

University

Practice Problem

Medium

Created by

Marieta Ilagan

Used 84+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This transaction would be recorded in a sales journal

Sale of equipment for cash

Sale of equipment in exchange for a note

Sale of merchandise for Cash

Sale of merchandise on account

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a firm uses special journals, in which journal would the sale of merchandise for cash be recorded?

Cash Disbursements Journal

Cash Receipts Journal

General Journal

Sales Journal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When merchandise is returned or a price adjustment is granted an entry is made in the

adjustments journal

cash receipts journal

general journal

purchases journal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The voucher register is a substitute for Sales Journal

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The total of the other accounts column of the cash receipts journal is not posted to the general ledger.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

List Price - Invoice Price = _______

Cash Discount

Purchases Discounts

Sales Discounts

Trade Discount

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The cash receipts journal is a record of all cash receipts from sales only.

True

False

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?