ABM 11 - RECITATION 1

The financial diary

• Journal

• Ledger

• Trial Balance

• Financial Statement

The book of accounts used to record recurring transactions.

• General Journal

• Special Journal

• General Ledger

• Subsidiary Ledger

A special journal used to record sales of merchandise on account.

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

A special journal used to record purchase of merchandise on account.

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

A special journal used to record receipts of cash from whatever source.

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

A special journal used to record payment of cash for whatever purpose.

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

Mr. Ong purchase an equipment to be used in his business worth of Php 200,000.00.

In what special journal should you used to record the transaction?

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

Mr. Martinez invested P 1,000,000 cash for his business "RRM Computer Shop".

In what special journal should you used to record the transaction?

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

Aling Lita sold merchandise on account worth of Php 3,000.00.

In what special journal should you used to record the transaction?

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal

Rhea received Php 20,000.00 for the services that she rendered.

In what special journal should you used to record the transaction?

• Sales Journal

• Purchases Journal

• Cash Receipt Journal

• Cash Disbursement Journal