Question

10. The total of the purchases Journal is posted to the:
(A) Debit side of the purchases A/c in the Purchases Ledger
(B) Credit side of the purchases A/c in the purchases Ledger
(C) Debit side of the purchases A/c in the General ledger
(D) Credit side of the purchases A/c in the General ledger

11. The return of goods to a supplier would be entered in the (A) Purchase Journal (B) Return
Inward Journal (C) Return outward journal (D) General Journal

12. The total of the Discount received column in the cashbook is posted :
(A) Debit side of the discount Received A/c in the purchases ledger
(B) Credit side of the discount received A/c in the Discount ledger
(C) Debit side of the discount received A/c in the General ledger
(D) Credit side of the discount received A/c in the general ledger

13. The total of the Returns Inwards journal is posted to the:
(A) Various debtors accounts in Sales ledger
(B) Various creditors accounts in the purchases ledger
(C) Sales account in the General ledger
(D) Returns Inwards account in the General Ledger

14. The items in the Returns Outwards Journal are posted to the :
(A) Debtors account in the sales ledger
(B) Creditors account in the purchases ledger
(C) Returns outward account in the purchase ledger
(D) Debtors account in the general ledger

15. Cashed a cheque for office use $500. How should this transaction be recorded?
(A) Dr. Office $500. Cr Bank $500.
(B) Dr. Office $500. Cr. Cash $500.
(C) Dr. Cash $500. Cr. Bank $500.
(D) Dr. Bank $500. Cr Cash $500.

Answer 1

Answer:

B) Creditors account in the purchases ledger

(C) Returns outward account in the purchase ledger

(D) Debtors account in the general ledger

15. Cashed a cheque for office use $500. How should this transaction be recorded?

(A) Dr. Office $500. Cr Bank $500.

(B) Dr. Office $500. Cr. Cash $500.

(C) Dr. Cash $500. Cr. Bank $500.

(D) Dr. Bank $500. Cr Cash $500.