riona.pike6669
Quiz by , created more than 1 year ago

Quiz of how accounting information is recorded

25
1
0
riona.pike6669
Created by riona.pike6669 over 8 years ago
Close

How accounting is recorded?

How accounting is recorded?

Question 1 of 8

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

Explanation

Question 2 of 8

1

Does the ledger book contain 3 different categories?

Select one of the following:

  • True
  • False

Explanation

Question 3 of 8

1

What process isn't used to record financial transactions?

Select one of the following:

  • Book of prime entry

  • Cash payment

  • journal

Explanation

Question 4 of 8

1

Can an invoice also be known as a bill?

Select one of the following:

  • True
  • False

Explanation

Question 5 of 8

1

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

Select one of the following:

  • True
  • False

Explanation

Question 6 of 8

1

which one isn't part of the ledgers book?

Select one of the following:

  • The cashbook

  • Creditors

  • general/normal

Explanation

Question 7 of 8

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

Explanation

Question 8 of 8

1

Is accounting information recorded by ledgers book?

Select one of the following:

  • True
  • False

Explanation

Previous
Next