Books of Account (1-10)

1. Bill payable book is a?

(a) Journal

(b) Principal book

(c) Ledger

(d) Memorandum book

Correct! Wrong!

2. The return of goods by a customer should be debited to?

(a) Return outward

(b) Return inward account

(c) Goods account

(d) Accounts receivable

Correct! Wrong!

3. An alternative name for a sales journal is?

(a) Sales invoice

(b) Sales ledger

(c) Daily sales

(d) Sales day book

Correct! Wrong!

4. Which of the following is not a book of prime or original entry?

(a) Sales daybook

(b) Purchase daybook

(c) Debtor’s account

(d) Cashbook

Correct! Wrong!

5. There are two books of account they are?

(a) Journal & ledger

(b) Journal & trail balance

(c) Trail Balance & Ledger

(d) None of these

Correct! Wrong!

6. X sends back Rs. 80 of faulty goods to Y. In which book of prime entry would Y record this transaction?

(a) General Journal

(b) Purchase Return Journal

(c) Sales Journal

(d) Sales Return Journal

Correct! Wrong!

7. A bookkeeper discovers that an amount paid to a supplier has been wrongly entered in another supplier’s account. Which book of original entry will the bookkeeper use when correcting this error?

(a) Cash Book

(b) General Journal

(c) Purchase day book

(d) Sales day book

Correct! Wrong!

8. Which of the followings are books of prime entry?

(a) Sales day book and trial balance

(b) Petty cash book and accounts receivable ledger

(c) Petty cash book and journal

(d) Cash book and assets register

Correct! Wrong!

9. Transactions are initially recorded in the?

(a) Book of prime entry

(b) Book of original entry

(c) Journal

(d) All of before

Correct! Wrong!

10. Corrected the balance in the prepaid insurance at the end of the month in?

(a) Cash Payments Journal

(b) General Journal

(c) Cash Receipts Journal

(d) Purchases Journal

Correct! Wrong!

1. Bill payable book is a?

2. The return of goods by a customer should be debited to?

3. An alternative name for a sales journal is?

4. Which of the following is not a book of prime or original entry?

5. There are two books of account they are?

6. X sends back Rs. 80 of faulty goods to Y. In which book of prime entry would Y record this transaction?

7. A bookkeeper discovers that an amount paid to a supplier has been wrongly entered in another supplier’s account. Which book of original entry will the bookkeeper use when correcting this error?

8. Which of the followings are books of prime entry?

9. Transactions are initially recorded in the?

10. Corrected the balance in the prepaid insurance at the end of the month in?

Search