How accounting is recorded?

Question 1 of 8

Medal-premium 1

what is a receipt?

Select one of the following:

  • Statement of sum due amount.

  • A record of sales transaction

  • Document that the payment has been finalized

Question 2 of 8

Medal-premium 1

Does the ledger book contain 3 different categories?

Select one of the following:

  • True
  • False

Question 3 of 8

Medal-premium 1

What process isn't used to record financial transactions?

Select one of the following:

  • Book of prime entry

  • Cash payment

  • journal

Question 4 of 8

Medal-premium 1

Can an invoice also be known as a bill?

Select one of the following:

  • True
  • False

Question 5 of 8

Medal-premium 1

The petty cash book is used to record any amount of cash.

Select one of the following:

  • True
  • False

Question 6 of 8

Medal-premium 1

which one isn't part of the ledgers book?

Select one of the following:

  • The cashbook

  • Creditors

  • general/normal

Question 7 of 8

Medal-premium 1

what is the definition of book of prime entry

Select one of the following:

  • Money owed by customers

  • Invoices from suppliers

  • A record of business transactions

Question 8 of 8

Medal-premium 1

Is accounting information recorded by ledgers book?

Select one of the following:

  • True
  • False
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How accounting is recorded?

riona.pike6669
Quiz by , created about 1 year ago

Quiz of how accounting information is recorded

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riona.pike6669
Created by riona.pike6669 about 1 year ago
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