Accounting

Accounting

9th Grade

10 Qs

quiz-placeholder

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Accounting

Accounting

Assessment

Quiz

Social Studies

9th Grade

Practice Problem

Medium

Created by

Mai Asi

Used 3+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Also referred to as debtor's ledger or trade receivables ledger.

Purchase Ledger (PL)

Sales Ledger (SL)

Nominal Ledger

Cash Book

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is also referred to as the creditors ledger or trade payables ledger

Purchases ledger (PL)

Sales Ledger (SL)

Nominal Ledger

Cash book

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Also referred to as General Ledger. Apart from cash, bank account and the accounts of credit customers and credit suppliers, all the remaining accounts are maintained.

Purchase ledger

Sales ledger

Nominal ledger

Cash book

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One which appears in both sides of cash book.

Contra Entry

Bank overdraft

Dishonored cheque

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This transaction involves instructing their bank to transfer an amount to the bank of the other person.

Credit transfer

Direct debit

Standing order

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a person instruct the bank to pay a fixed sum at fixed intervals to another person.

Standing order

Direct debit

Credit transfer

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Money comes directly from his/her bank account

use of debit card

use of credit card

direct debit

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