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WorksheetsPrime Entry Books and Source Documents - Ali
Total questions: 13
Worksheet time: 13mins
The main aim of Accounting is
Maintain ledgers for every assets and liabilities
To provide information to users
Produce a trial balance
To record every single transaction
A source document is
Where transactions are recorded after recording into the prime entry books
Where transactions are recorded at last
Not an evidence to prove that the transaction occured
The origin of the information that is recorded into the accounting books
Credit notes are issued
When the seller delivers the goods to the buyer
When the goods purchased on cash are returned to the seller by the buyer
when there is not enough money in the bank to pay to the Seller
When goods purchased on credit are returned by the buyer to the seller
Source documents gives information that is recorded in the __________
Trial Balance
Prime Entry Books
General Journal
Income Statement
Which of the following best describes the purpose of a purchase invoice?
Issued by a supplier as a request for payment
Sent to a supplier as a request for a supply
Issued by a supplier listing details of recent transactions
Sent to the supplier as a notification of payment
In which Prime entry book would discounts received be recorded?
Cash Receipts Journal
Cash Payments Journal
General Journal
Purchases Daybook
Where will credit notes be recorded
Sales return daybook
Cashbook
Purchase Returns Daybook
General Journal
Kaslan returns damaged goods to Sasini. In which book Sasini will record this transaction?
Sales Return Journal
Purchase Returns Journal
Sales Journal
Purchases Journal
Kaslan returns damaged goods to Sasini. In which book Sasini will record this transaction?
Sales Return Journal
Purchase Returns Journal
Sales Journal
Purchases Journal
Why do sellers give trade discounts to their customers?
To encourage prompt payment
To sell in bulk
To sell the most cheapest goods
To get payments in installments
Which of the following transactions are recorded in a sales journal
All the sales made by the business
Sale of Non Current Assets
Sale of goods on cash
Sale of goods on credit
Which of the following is not true about Purchase Journal
The source document is Invoice
Purchase of goods made in cash are recorded
Purchase of goods made in credit are recorded
Purchase returns are not recorded
Which source document is used to record transactions in a Purchase returns journal
Credit Note
Debit Note
Delivery Note
Purchase Invoice
