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The Accounting Cycle

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

A ___________ are documents where original information is found, for example, sales and purchases invoices and credit notes.

a)

Source Documents

b)

Reciept

c)

Journal

d)

Ledger

2.

A/An _____________________ is a document prepared by the seller when they sell goods or provide serviced on credit.

a)

Credit Note

b)

Debit Note

c)

Invoice

d)

Receipt

3.

This document is raised by the supplier when goods have been returned by the purchaser due to thier being damaged, faulty or supplied to the wrong sprecification, or when an overcharge has been made in an invoice.

a)

Debit Note

b)

Credit Note

c)

Invoice

d)

Receipt

4.

If the supplier agrees, goods bought previously may be returned. When this happens a ______________ is raised by the purchaser and sent to the supplier giving details of the goods returned and the reason for thier return.

a)

Invoice

b)

Receipt

c)

Debit Note

d)

Credit Note

5.

This document acknowledges the receipt of money from a customer and is often issued when a customer purchases goods for cash rather than on credit.

a)

Invoice

b)

Credit Note

c)

Debit Note

d)

Reciept

6.

This is used to record items that are much less common and sometimes complicated and are not recorded in any other book of original entry.

a)

Sales Journal

b)

Journal

c)

Purchases Journal

d)

Purchases Returns Journal

7.

A book used for listing sales invoices.

a)

Sales Day Book

b)

Purchases Day Book

c)

Return Outwards Book

d)

Return Inwards Book

8.

This is similar to the sales day book, but contains lists of purchases invoices received from suppliers of goods and services.

a)

Sales Day Book

b)

Purchases Day Book

c)

Returns Outwards Book

d)

Returns Inwards Book

9.

This is used to records goods returned to suppliers.

a)

Sales Day Book

b)

Purchases Day Book

c)

Returns Ourwards Book

d)

Returns Inwards Book

10.

This is used to list any returns made by customer.

a)

Purchases Book

b)

Sales Book

c)

Returns Inwards Book

d)

Returns Outwards Book

11.

This is another book of original entry used to enter cash and bank receipts and payments.

a)

Sales Day Book

b)

Cash Book

c)

Petty Cash Book

d)

Purchases Day Book

12.

A cash book used for making small (petty) payments, details of which are entered from petty cash vouchers supported if possible by reciept.

a)

Sales Day Book

b)

Cash Book

c)

Petty Cash Book

d)

Purchases Day Book