1) Real account records
Dealings with creditors or debtors![]()
Dealings in commodities![]()
Gains and losses![]()
All of the above![]()
Answer : B Discuss
2) The standard format of Journal does not include which of the following?
3) In which of the following order, data is entered into the Journal?
4) Which of the following accounts will be credited if a company purchases building for cash?
5) Discount for quick repayment of debt is normally referred to as
6) Which of the following specialized journal records "goods returned by customers"?
7) Sales on credit is recorded in which of the following journal?
8) Transactions that a business does not record in any specialized journal are recorded in which of the following books?
Cash payment journal![]()
Cash receipt journal![]()
Purchases return journal![]()
General journal![]()
Answer : D Discuss
9) Which of the following specialized journal records "goods returned by the business"?
10) Sales and purchase journal doesn't record
Credit sales![]()
Credit purchases![]()
Credit sales and purchases![]()
Cash sales and purchases![]()
Answer : D Discuss