books where transactions are first recorded before posting to the ledger are

source document and subsidiary book

Quiz
•
Business
•
1st Grade
•
Medium
Lenata Yorde
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
subsidiary book
journal
trial balance
cash book
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a book used to record the transaction of goods bought on credit is called
sales day book
purchase day book
journal
returns inwards
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a book used to record the transaction of goods sold on credit is called?
sales day book
purchase day book
journal proper
returns outwards
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a book used to record all cash and cheque transaction is called?
cash book
journal
purchase book
returns book
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
itunu bought 5 packets of tea at 15 naira each, less trade discount of 10 percent, what is the price of the goods after discount
75naira
67.5 naira
69naira
80 naira
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a customer is overcharged, what document is issued to him
debit note
purchase return
sales return
credit note
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
one of these serves as an evidence of payment
invoice
debit note
receipt
purchase note
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