How accounting is recorded?

riona.pike6669
Quiz by riona.pike6669, updated more than 1 year ago
riona.pike6669
Created by riona.pike6669 almost 5 years ago
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Quiz of how accounting information is recorded
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Resource summary

Question 1

Question
what is a receipt?
Answer
  • Statement of sum due amount.
  • A record of sales transaction
  • Document that the payment has been finalized

Question 2

Question
Does the ledger book contain 3 different categories?
Answer
  • True
  • False

Question 3

Question
What process isn't used to record financial transactions?
Answer
  • Book of prime entry
  • Cash payment
  • journal

Question 4

Question
Can an invoice also be known as a bill?
Answer
  • True
  • False

Question 5

Question
The petty cash book is used to record any amount of cash.
Answer
  • True
  • False

Question 6

Question
which one isn't part of the ledgers book?
Answer
  • The cashbook
  • Creditors
  • general/normal

Question 7

Question
what is the definition of book of prime entry
Answer
  • Money owed by customers
  • Invoices from suppliers
  • A record of business transactions

Question 8

Question
Is accounting information recorded by ledgers book?
Answer
  • True
  • False
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