Home » MCQs » Financial Accounting Multiple Choice Questions#15

1) 

Identify that which of the following particular(s) would NOT be shown in the format of a
Cash Book?


1. Cheque number
2. Date of transaction
3. Amount of transaction

A)  (1) only
RIGHT ANSWER!!!

B)  (1) & (2) only
WRONG ANSWER

C)  (1) & (3) only
WRONG ANSWER

D)  (2) & (3) only
WRONG ANSWER


2) 

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


3) 

Which one of the following is a type of General Ledger?

A)  Book of original entry
WRONG ANSWER

B)  ‘T’ Account
RIGHT ANSWER!!!

C)  Source document
WRONG ANSWER

D)  Day book
WRONG ANSWER


4) 

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
WRONG ANSWER

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
WRONG ANSWER




Browse All Financial Accounting MCQs+