What is included in a chart of accounts for a cash accounting system?

To what account would a payment made for rebuilding a damaged wall be posted?

Ahmad is the new accountant in Jareer, and he started to record the bookstore transactions, which one of the following purchases he is supposed to record in the petty cash journal?

Ahmad has used an accounting software to keep the record of all transactions rather than using a paper-based record as the software has so many features and the main one is:

What is the purpose of a bank reconciliation statement?

What records must Ahmad keeps for the bookstore in order to meet legal requirements?

Ahmad creates a trial balance usually at the end of every reporting period for all the bookstore accounts. The trail balance is arithmetical accuracy of

Trial Balance refers to _

Golden rule “Debit the Receiver, Credit the Giver” refers to_

Golden rule “Debit all expenses and losses and Credit all income and Gains” refers to

All financial transactions need to be recorded in financial documents to keep track of all of them, and usually accountant uses the journal entries as:

If you are an accountant, you need to be aware of all financial idioms like for example: the working Capital which means _

When 1000 SAR cash is deposited in bank a/c of a customer, but not debited in cash book, assuming Reconciliation is prepared as per Cash book, it will be

Difference of Assets and Liabilities of two successive years in Single Entry refers to

Journal entry of Purchase return will be

Journal entry of goods sold on credit to Rahim will be

Journal entry of goods purchased on credit for 500 SAR from Javed is

Journal entry of goods sold in cash to Abdul is

Principle of double entry system is

Petty expenses incurred 50 SAR for postage, its journal entry is

Petty expense a/c is prepared for

These processes start with reminding the customer to pay his debt and finish by writing off the debt if it’s impossible to be collected.

Documentation for banking means

In accounting government needs to maintain account for

Mohamad wanted to open an account in a bank, what would you advice Mohamad to do in order to open an account?

The accountants usually uses the general journal for recording all accounts, but it is better to record some transactions by accounts like the cash journal which we use for:

What is part of a debt control process?

Cash Flows include cash in hand, demand deposits, and

What is the consistent process of records management?

The accountants usually record the financial transactions in a general Journal which is a means of recording the transactions by

The transactions in the general journal should be transferred to the general ledger which keeps the records by:

Sarah owns a small café. She purchases 200 kilograms of coffee on June 12th

for 500 SR. Sarah pays for the coffee on July 2nd.

If Sarah uses the accrual accounting system, when does she record the expense for the coffee?

Ali owns a computer installation business and finishes a job for a client on March 22nd. He doesn’t get paid for the job until June 10th.

How does Ali record the income/revenue from the job using the cash accounting method?

Ali has created the chart of accounts before he started recording the financial transactions, and he put the account receivable under the:

Equity

Ali has divided the chart of accounts to five categories and included all the components which covers all the following except:

The best journal used to keep a track of all transactions made by cash with customers is:

The best journal used to keep a track of all transactions made on credit with suppliers is:

A customer X has purchased two jackets from a clothes store and paid in cash. The accountant should record this transaction in:

Omar runs an Indian restaurant, on the 23rd of August he purchased three cows for his restaurant on credit. The accountant of his restaurant has recorded this transaction in the:

Farah runs a beauty salon, on the 21st of July she purchased two new laizar machines for her salon and paid in cash. The accountant of her salon has recorded this transaction in the:

An accountant X has to create a separated book for the petty cash, and the petty cash is:

The supervisor of a post office has purchased some coffee and tea for the office that he and his colleagues work in, he record this transaction in the:

Ledger can be defined by the following:

When a cashier checks out for any customer who purchases from the store that he works in, he gives the customer an invoice which is considered as a:

Investment in a business is mentioned in accounting system as

I use a cash receipt journal in a cash accounting system when:

On January 4th Saudi Airlines takes a loan out for 5, 000,000 SAR to purchase new airplane.

Which journal should be used to record this transaction?

What are NOT the accounts in this example?

If the loan was one of the accounts where this account should be recorded?

On June 12th, Saudi Airlines sold 250 airline tickets, worth 450,000 SAR for their new airplanes, the customers all paid in cash for the tickets.

Where can you record this transaction?

This transaction includes two accounts, revenue and cash, where should you put the cash?

And where should you put the revenue?

On July 22nd, Saudi Airlines received the cash payment for the January credit sales in the amount of 75,000 SAR.

What accounts included in this example?

On August 28th, Saudi Airlines paid rent for their office building in Jeddah for 7,500 SAR.

What journal are you going to use to record this transaction?

Where should you record the account rent and how much?

Where should you record the account cash and how much?

Bank reconciliation is needed to make sure that all the company accounts and record are correct: Bank reconciliation is_______________

Updating the cash book is a step that you need to follow after you complete:

When we balance the payments and receipts in a business, we are supposed to add the balance to:

When using the Point of Sales equipment, you will handle electronic and manual parts of this equipment. Which one of the following parts is a manual part?

As the Point- of – sales equipment has manual parts, it has also electronic parts such as:

To work in a store or a mini market and handle the point-of-sales equipment, you need to have some technical skills like the following:

Why do you need to use the calculator while you have the terminal?

If you ever has been offered a job in a store as a cashier then to handle the point–of- sale equipment you need to have numeracy skills such as:

To handle the point of sale equipment, the first step you need to do is to:

Ali has just started his work as a cashier in a minimarket. After he opened the point- of – sales equipment, he is supposed to:

While a customer X was looking for cereal in a mini-market, a salesman came over to help her. He greeted her first, then asked for her requirements while keeping an eye contact, and then he went and got her a box of Arial.

What skill did the salesman fail to follow:

One of the customers in the mini-market seemed worried, and walking around himself in a weird way. The salesman was worried that this customer will cause a problem, so he did the right procedure and:

Another customer Y entered the mini-market and bought some grocery. When she checked out with Ali, the total amount was 156 SAR, she gave him 200 SAR. Ali is supposed to give her back?

When the customer Y wanted to check out, Ali has used one of the point-of-sales equipment to read the price of the products, what is the equipment he used?

The customer X wanted to check out by using her credit card, what is the equipment that Ali is supposed to use?

In all of the mini-markets and supermarkets, they put the customer display in a place where all customers can see it, why do they put it in front of the customer?

After the customer Y, took the change and the products, and before she left, Ali followed the mini-market procedures of encouraging the customers to come back, so he:

n the middle of the day no customer was around in the mini-market, and Ali was doing nothing, so he is supposed, since the store is in a very quiet period, to:

A customer X was so angry because after she went home, she noticed that the color of her jacket was not the same she asked for, the salesman apologized for that, but the customer was super angry, what should the salesman do at this case?

The mini-market is supposed to close at 11:00 PM, so Ali has closed the store and started the first step of closing the point- of – sale which is:

After Ali has removed the cash and non-cash documents from the register, he separated the cash float from the rest of the cash, why did he separate the cash float?

Ali is supposed to record the taking after:

Ali is supposed to record the taking after:

The point-of-sale equipment includes some advantages such as:

If a customer asked for your help while dealing with another customer on the POS terminal, you should:

What is the main advantage for a retailer of using Electronic Funds Transfer at Point of Sale (EFTPOS)?

What is the first step of opening the POS?

If a customer decided to change the item they bought, you should ask them for:

One of the following is not an example of non-cash documents:

While a customer X was checking out, the cashier run out of change, so he needed to go to the office to get some change. What is the procedure that he should follow:

The most important procedure of cash handling is:

More security procedures should be followed while the store is:

Before Ali leaves the mini-market, he usually leave the drawer open, why does Ali do that?