Accounting Cycle

Accounting Cycle

9th - 12th Grade

10 Qs

quiz-placeholder

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Accounting Cycle

Accounting Cycle

Assessment

Quiz

Business

9th - 12th Grade

Medium

Created by

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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