
Quiz on Bookkeeping
Quiz
•
Business
•
10th Grade
•
Easy
Jay Jay
Used 1+ times
FREE Resource
100 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a book of original entry?
A daybook or journal in which certain types of transactions are recorded before becoming part of the double-entry book-keeping system.
A ledger where all transactions are recorded.
A financial statement summarizing all transactions.
A document used for auditing purposes.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which book of original entry also functions as a ledger?
Cash Book
Sales Journal
Purchases Journal
General Journal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many books of original entry are there?
Six
Four
Five
Seven
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a reason for dividing the ledger?
It reduces the volume of transactions.
It makes the collection of information easy.
It helps in auditing the transactions.
It makes it easy for employees to handle transactions.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a daybook?
To record transactions by date as they occur.
To summarize financial statements.
To audit financial records.
To prepare tax documents.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of ledger records the account of debtors only?
Sales Ledger (SL)
Purchases Ledger (PL)
Cash Book (CB)
General Ledger (GL)
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Purchases Ledger (PL) record?
Accounts of debtors only
Accounts of creditors only
Accounts of cash and bank only
All other accounts
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