WorksheetsBooks of original entry quiz
Total questions: 45
Worksheet time: 41mins
10. Adjusting entries are posted into which book of prime entry?
Sales journal
Cash book
General journal
1. Which book of prime entry is a supplier invoice recorded in?
Sales day book
Purchase day book
Cash book
2. In which journal is an on account customer invoice recorded in?
Sales journal
Purchases journal
Sales returns journal
3. Where is the debit entry for the total of the sales journal posted to?
Accounts payable (Purchase ledger)
Accounts receivable (Sales ledger)
Sales revenue (General ledger)
4. Which subsidiary ledger has the personal accounts of customers?
Sales journal
Purchase ledger
Sales ledger
5. Which subsidiary ledger contains the personal accounts of suppliers?
General ledger
Purchase journal
Purchase ledger
7. Discounts received are posted to which book of prime entry?
Cash receipts journal
Cash disbursements journal
Purchase journal
8. A customer returns goods to a business, which source document is issued?
Credit note
Debit note
9. The total of the payroll journal is posted to the debit of which account in the general ledger?
Payroll expense
Cash
Purchases
10. Adjusting entries are posted into which book of prime entry?
Sales journal
Cash book
General journal
The purchases ledger records
the accounts of suppliers on credit.
the accounts of customers on credit
all the accounts of suppliers
all the accounts of customers
The purchases ledger records
the accounts of suppliers on credit.
the accounts of customers on credit
all the accounts of suppliers
all the accounts of customers
Accounts receivables are found
in the general ledger
in the cash book.
in the sales ledger
in the general journal
Cash purchases and cash sales are entered
in the sales and purchases ledger
in the general ledger only
in the journal proper first
in the general ledger and cash book
The purchases journal records
all the accounts of suppliers on credit
all purchases of assets on credit
all purchases on credit
all purchases for resale on credit
The purchases journal entries are posted to
the purchases account and the customers' accounts.
the general ledger and the cash book
the purchases account and suppliers' accounts in the purchases ledger
the general ledger and the sales ledger
The sales journal contains
the accounts of customers on credit
a detailed list of all sales of stock on credit
trade creditors
everything that is sold on credit for the period
The total of the sales journal represents
the total sales for the period
trade creditors for the period
a current liability of the period
trade receivables for the period
The details for a purchases journal entry are taken from
the statement
the invoice
the debit note
the sales receipt
Trade discount is offered
to encourage prompt payment for goods
to encourage trade
as an incentive to buy now
for the purpose of saving money
Which of the following is an alternative name for the purchases journal?
purchases day book
accounts payable
daily purchases
books of purchases
Posting means
putting items in a post office box
transferring information too another account
making a journal entry
entering information from the journal into the ledger
Books of original entry are also known as
extra books of information
subsidiary books
branch books
divided books
The double entry for credit purchases and sales is not complete until
the sales and and purchases ledgers are entered
the cash book and ledgers are completed
the goods are paid for
the purchases and sales accounts are entered
A receipt is used as a source document for
Credit sales
Credit purchases
Payment of cash
Return of goods to supplier
An article is subject to a 20% trade discount. Its list
price is $600. What is the sale price?
$120
$480
$580
$720
Which is the first step in the accounting cycle?
Prepare the trial balance
Prepare the Income Statement
Sort and analyse source documents
Post to ledger
Which is the last step in the accounting cycle?
Sort and analyse source documents
Post to the ledger
Prepare the final accounts
Extract a Trial Balance
The term used when the business returns goods to its suppliers?
Returns outwards
Returns inwards
Discount allowed
Discount received
Receipts, bills, cheque counterfoils are source documents for which book of original entry?
Sales journal
Purchases journal
Cash book
Purchases ledger
T accounts are drawn up in which accounting books?
Journals
Ledgers
Which discounts are recorded in the Cash Book?
Discount allowed and Trade Discount
Discount received and Trade Discount
Discount allowed and Discount received
General Journal is to record the following business transaction EXCEPT
Opening Entry
Purchase and Sales of fixed asset
Drawing goods and fixed asset
Additional Capital
Purchase and Sales of goods
When a contra entry occurs:
Both entries are debited in the cash Book
Both the debit entry and the corresponding credit entry for that transaction is made in the Cash Book
More than one account is affected in the ledger
Both entries are credited in the Cash Book
A credit balance in the Bank Account indicates:
That a mistake has been made
Some of the bank transactions were left out
An overdraft
The bank has deposited more money than the business has in its account
What would NOT be included in a Gneral Journal?
Credit sales and purchases
Purchases and sales of fixed assets on credit or for cash.
The purchases book is a book of first entry for:
unpaid expense items
fixtures bought on credit
goods for resale bought for cash
goods for resale bought on credit
Which of the following steps in the accounting cycle should follow the recording of transactions in subsidiary books?
preparation of an income statement
preparation of a trial balance
extracting details from source documents
Posting information to ledger accounts
A book of account used to record small payments is known as the ……
Cash book
Petty cash book
Sales daybook
Ledger book
Which of the following transactions should be entered in the Petty Cash Book?
Salary payments
Stock issued
Subscriptions
Travelling expenses
What is the cash use for the petty cash book called？
Float
Expense
Cheque
None of the above
In petty cash Book, the system followed:
Accrual System
Imprest System
Cash System
None of these
Imprest amount - $500.
What will be the amount of re-imbursement if following expenses were incurred by the petty cashier during the month?
Telephone = $150
Tiffin = $50
Small Repairs = $30
General Expenses = $100
300
170
330
270
Postage stamps purchased for $30 by business. This transaction will be recorded in:
Purchase book
Cash Book
Petty Cash Book
Journal
The book of original entry used to record the
purchase of fixed assets on credit is the
General Journal
Sales Journal
Purchases Journal
Return Inward Journal
