Books of Prime Entry Quiz
8 multiple-choice questions with answers and explanations · 2 easy, 5 medium, 1 hard
The day books and special journals where transactions are first recorded: sales, purchases and returns journals, the cash receipts and payments journals, and the general journal.
- 1Books of Prime Entry: Where Are Credit Sales Recorded First?Goods are sold on credit to a customer. In which book of prime entry is the sales invoice first recorded?easy
- 2Books of Prime Entry: What Is the General Journal Used For?Which transaction is recorded in the general journal rather than in a special journal?easy
- 3Books of Prime Entry: The Sales Returns JournalGoods previously sold on credit are returned by the customer and a credit note is issued. The return is first entered in the:medium
- 4Which of These Is NOT a Book of Prime Entry?Which of the following is NOT a book of prime (original) entry?medium
- 5Special Journals: Posting the Sales Journal TotalAt the end of the month, the total of the sales journal is posted to the general ledger as:medium
- 6Special Journals: Which Journal Records a Cash Sale?A business that keeps a full set of special journals makes a sale for cash. The sale is recorded in the:medium
- 7Special Journals: The Advantage Over a Single General JournalThe main advantage of using special journals instead of recording everything in one general journal is that:medium
- 8Cash Payments Journal: Posting the Discount Received ColumnA business pays a supplier $980 in full settlement of a $1,000 debt. The $20 in the discount received column of the cash payments journal is posted as:hard