Identify that which of the following particular(s) would NOT be shown in the format of a
1. Cheque number
2. Date of transaction
3. Amount of transaction
A) (1) only
B) (1) & (2) only
C) (1) & (3) only
D) (2) & (3) only
The process of transferring journal entry information to the ledger is called:
A) Journalizing WRONG ANSWER
B) Posting RIGHT ANSWER!!!
C) Balancing WRONG ANSWER
D) Analyzing WRONG ANSWER
Which one of the following is a type of General Ledger?
A) Book of original entry
B) ‘T’ Account
C) Source document
D) Day book
Which of the following is CORRECT about the flow of recording a transaction?
A) Occurrence of event – voucher—Journal—Ledger—Trial Balance—profit and loss account—Balance Sheet RIGHT ANSWER!!!
B) Occurrence of event—Journal – voucher —Ledger—Trial Balance—profit and loss account—Balance Sheet
C) Occurrence of event—Ledger – voucher—Journal—Trial Balance—profit and loss account—Balance Sheet WRONG ANSWER
D) Occurrence of event—Trial Balance – voucher—Journal—Ledger—profit and loss account—Balance Sheet
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