
Accounting
Authored by Mai Asi
Social Studies
9th Grade
Used 3+ times

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10 questions
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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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