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3538380
How accounting is recorded?
Description
Quiz of how accounting information is recorded
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pbkt
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quiz
Quiz by
riona.pike6669
, updated more than 1 year ago
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Created by
riona.pike6669
about 9 years ago
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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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