Special journals/subdivision of journal Fill-in-the-blanks quiz
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Question: 1
Special journals record transactions in
order on a daily basis.
Question: 2
The entry in a purchases journal is recorded on the basis of the seller's
.
Question: 3
A purchases journal keeps the record of all
purchases.
Question: 4
The periodic total of accounts payable column in a purchases journal is
to accounts payable account in the general ledger.
Question: 5
The periodic total of inventory column in a purchases journal is
to inventory account in the general ledger.
Question: 6
The posting reference column in a purchases journal records the account numbers of individual suppliers' maintained in the accounts payable
ledger.
Question: 7
A
journal is maintained to record credit sales.
Question: 8
The periodic total of the accounts payable column in purchases returns and allowances journal is
to the accounts payable account maintained in the generla ledger.
Question: 9
The
sales are recorded in the cash receipts journal.
Question: 10
A transaction that causes an outflow of cash is recorded in the cash
journal.
Question: 11
A transaction that causes an inflow of cash is recorded in the cash
journal.
Question: 12
The
journals are maintained to record frequent or repetitive transactions.
Question: 13
The
discount is allowed to customer for early or prompt payment.
Question: 14
A debit memo is also known as the debit
.
Question: 15
A credit memo is also known as the credit
.
Question: 16
A debit note tells the seller that his account has been
in the books of the buyer for the value of goods returned.
Question: 17
A credit note tells the buyer that his account has been
in the books of the seller for the value of goods returned.
Question: 18
The inventory or other items purchased on cash are recorded in the cash
journal.
Question: 19
Transactions for which no separate book or journal is maintained are recorded in the
journal.
Question: 20
The
discount is not recorded in the books of accounts.
Question: 21
Individual accounts of credit suppliers are maintaind in accounts
subsidiary ledger.
Question: 22
Individual accounts of credit customers are maintaind in accounts
subsidiary ledger.
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