Financial Literacy Basics 2 - Grade 9 EMS

Which is not an example of a source document?

• bank deposit slips

• encyclopedia

• invoices

Which of these is a subsidiary journal?

• Trial Balance

• CPJ

• CRJ

• Income Statement

The Trial Balance is a list of accounts that appear in the General Ledger.

• True

• False

An income statement shows if the business has assets and liabilities.

• True

• False

A _______ is where information from the journals is summarised.