How accounting is recorded?

Description

Quiz of how accounting information is recorded
riona.pike6669
Quiz by riona.pike6669, updated more than 1 year ago
riona.pike6669
Created by riona.pike6669 about 9 years ago
36
1

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
Show full summary Hide full summary

Similar

Translations and transformations of functions
Christine Laurich
How accounting is recorded
rachaellouise18
What Is Accounting?
javedmiah09
double entry bookkeeping
mozzi.ajaib
notes on accounting
rishahassan172
fahims quiz
f4h1m
cash and credit
Tremayne Thomas
Zilaurs quiz
zilaur1234
What Is The Accounting Equation?
alysonbooker_
Accounts
camm85