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WorksheetsGeneral Ledger Templates
Total questions: 15
Worksheet time: 8mins
Which of the following items is an incorrect title in the Accounts Receivable Ledger
Bank/Discount Expense
Sales Returns/GST Clearing
Cost of Sales
Sales/GST Clearing
Which of the following items would not appear on the credit side of the Inventory Account
Cost of Sales
Accounts Payable
Bank
Advertising
Which of the following titles is incorrect in the Accounts Payable Ledger
Inventory/GST Clearing
Bank/Discount Revenue
Purchase Returns/GST Clearing
Bank
Which of the following titles would not appear in the Accounts Receivable Account
Sales Returns/GST Clearing
Bad Debts
Sales/GST Clearing
Bank
Which of the following titles would not appear in the Inventory Account
Drawings
Cost of Sales
Advertising
Accounts Receivable
Which of the following titles would not appear in the Inventory Account
Cost of Sales
Accounts Payable
Bank
Sales
Which of the following items would appear on the Debit side of the GST Clearing Account if an amount was owed to the ATO
Accounts Payable/Bank/Bank/Accounts Receivable
Accounts Payable/Bank/Accounts Receivable/Accounts Payable
Accounts Receivable/Accounts Payable/Bank/Bank/Accounts Receivable
Accounts Payable/Bank/Bank/Balance
Select the correct set of titles to be recorded in the credit side of the Inventory Account
Bank/Accounts Payable/Cost of Sales/Inventory Gain
Bank/Accounts Payable/Cost of Sales/Inventory Loss/Inventory Write Down
Bank/Accounts Payable/Cost of Sales/Inventory Loss/Inventory Write Down/Advertising/Drawings
Accounts Payable/Cost of Sales/Inventory Loss/Inventory Write Down/Advertising/Drawings
Which of the following items would NOT appear in the P/L Summary account
Capital
Net Profit
Revenues
Expenses
Which of the following would be the correct entries for the credit side of the inventory account
Bank/Accounts Payable/Cost of Sales/Advertising/Drawings/Inventory Loss/Inventory Write Down
Bank/Accounts Receivable/Cost of Sales/Advertising/Drawings/Inventory Loss/Inventory Write Down
Accounts Payable/Cost of Sales/Advertising/Drawings/Inventory Loss/Inventory Write Down
Accounts Payable/Cost of Sales/Accounts Receivable/Advertising/Drawings/Inventory Loss/Inventory Write Down
Which of the following are incorrect titles in the Disposal of Van account
Accumulated Depreciation
Trade-in
Loss on Disposal
All of the above
A bad debt has been written off during the period as the Accounts Receivable has been declared bankrupt. The correct entry in the Allowance for Doubtful Debts ledger would be
Credit: Bad Debts
Debit: Accounts Receivable/GST Clearing
Debit: Bad Debts
Debit: Accounts Receivable
What credit entry is required when the business writes off a bad debt
Bad Debts
Accounts Receivable
Doubtful Debts
Allowance for Doubtful Debts
When creating an allowance for doubtful debts what is the debit entry in the General Journal
Bad Debts
Accounts Receivable
Allowance for Doubtful Debts
Doubtful Debts
What is the debit entry required to recognize Unearned Sales Revenue as being earned
Bank
Unearned Revenue
Unearned Sales Revenue
Sales
