Accounting Cycle
Quiz
•
Business
•
9th - 12th Grade
•
Medium
Amanda Missole
Used 11+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A document that provides proof of a transaction is called__________.
A Book of Original Entry
Source Document
Financial Statements
Accounting
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The third stage of the accounting cycle
Trial Balance
Double Entry
Source Document
Books of Original Entry
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The book used to record transactions involving money
Debit note
Purchases Day book
Cashbook
Returns Inwards Day book
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paid total wages in cash amounting to $10, 500. This will be recorded in which of the following books
Cash Book
General Journal
Purchases Day Book
Petty Cash Book
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bought goods on credit from S. Sams $400. This will be recorded
in the Sales Day Book
Cash Book
Purchases Day Book
General Journal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
All of the following are examples of Source Documents EXCEPT
Petty Cash Book
Cash receipt
Cheque Counterfoil
Debit Note
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the first proof of a transaction involving returns of items
Withdrawal slip
Invoice
Receipt
Credit Note
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