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1)

Which of the following specialised journals records "goods returned by customers"?

A)  Purchase journalWRONG ANSWER

B)  Sales journalWRONG ANSWER

C)  Purchases return journalWRONG ANSWER

D)  Sales return journalRIGHT ANSWER!!!


2)

Sales on credit is recorded in which of the following journal?

A)  Purchase journalWRONG ANSWER

B)  Sales journalRIGHT ANSWER!!!

C)  Purchases return journalWRONG ANSWER

D)  Sales return journalWRONG ANSWER


3)

Transactions that a business doesn't record in any specialised journal are recorded in which of the following journals or day books?

A)  Cash payments journalWRONG ANSWER

B)  Cash receipts journalWRONG ANSWER

C)  Purchases return journalWRONG ANSWER

D)  General journal RIGHT ANSWER!!!


4)

Another name of journal is

A)  Specialized journalWRONG ANSWER

B)  Day bookRIGHT ANSWER!!!

C)  Cash bookWRONG ANSWER

D)  Record bookWRONG ANSWER


5)

Which of the following specialised journals will record "goods returned by the business"?

A)  Purchase journalWRONG ANSWER

B)  Sales journalWRONG ANSWER

C)  Purchases return journalRIGHT ANSWER!!!

D)  Sales return journalWRONG ANSWER


6)

Sales and purchase journal don't record

A)  Credit salesWRONG ANSWER

B)  Credit purchasesWRONG ANSWER

C)  Credit sales and purchasesWRONG ANSWER

D)  Cash sales and purchasesRIGHT ANSWER!!!


7)

Cash received from debtor is recorded in which of the following specialized journals?

A)  Purchase journalWRONG ANSWER

B)  Sales journalWRONG ANSWER

C)  Cash receiptsRIGHT ANSWER!!!

D)  Cash payments journalWRONG ANSWER


8)

Which of the following is a type of cash receipt journal + cash payment journal?

A)  Bank statementWRONG ANSWER

B)  Statement of cash flowWRONG ANSWER

C)  Cash bookRIGHT ANSWER!!!

D)  Cash documentsWRONG ANSWER


9)

Cash purchases is recorded in which of the following specialized journals?

A)  Purchase journalWRONG ANSWER

B)  Sales journalWRONG ANSWER

C)  Purchases return journalWRONG ANSWER

D)  Cash payments journalRIGHT ANSWER!!!


10)

A brief explanation recorded below every entry in general journal is commonly known as

A)  NarrationRIGHT ANSWER!!!

B)  ExplanationWRONG ANSWER

C)  SummaryWRONG ANSWER

D)  Other informationWRONG ANSWER








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