Books of original entries - Specialized jounals

11)

Credit purchase of plant and machinery is recorded in which of the following specialized journals?

A)  General journalRIGHT ANSWER!!!

B)  Cash journalWRONG ANSWER

C)  Purchase journal WRONG ANSWER

D)  Purchase return journal WRONG ANSWER


12)

Debit note is the basis for recoding a transaction in which of the following journals?

A)  General journalRIGHT ANSWER!!!

B)  Cash journalWRONG ANSWER

C)  Purchase journal WRONG ANSWER

D)  Purchase return journal RIGHT ANSWER!!!


13)

"Sale of old furniture" will be recorded in which of the following specialised journals?

A)  Purchase journalWRONG ANSWER

B)  Sales journalWRONG ANSWER

C)  General journalRIGHT ANSWER!!!

D)  Cash receipt journalWRONG ANSWER


14)

Credit note is the basis for recording a transaction in which of the following specialized journals?

A)  Purchase journalWRONG ANSWER

B)  Sales return journalRIGHT ANSWER!!!

C)  General journalWRONG ANSWER

D)  Cash receipt journalWRONG ANSWER


15)

Specialized journals are more adequate for which type of businesses?

A)  Small businessesWRONG ANSWER

B)  Big businessesRIGHT ANSWER!!!

C)  Sole proprietorshipWRONG ANSWER

D)  PartnershipWRONG ANSWER


16)

Which of the following is known as an evidence that a transaction took place?

A)  Cash receipts journalWRONG ANSWER

B)  General journalWRONG ANSWER

C)  Source documentRIGHT ANSWER!!!

D)  Cash bookWRONG ANSWER


17)

"Business paid rent amounting to $100" which of the following specialized journals records this transaction?

A)  Cash receipts journalWRONG ANSWER

B)  Cash payments journalRIGHT ANSWER!!!

C)  Sales journalWRONG ANSWER

D)  Purchase journalWRONG ANSWER


18)

Credit memo or credit note No. is entered in which of the following journal?

A)  General journalRIGHT ANSWER!!!

B)  Cash journalWRONG ANSWER

C)  Purchase journalWRONG ANSWER

D)  Sales return day bookRIGHT ANSWER!!!