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1-Which of the following is an example of a source document in a computerized accounting information system ? a)purchase invoices b)cash payments journal c)balance sheet

1-Which of the following is an example of a source document in a computerized accounting information system ?

a)purchase invoices

b)cash payments journal

c)balance sheet

d)income statement

2- A CR.5 posting reference in a subsidiary ledger indicates that:

a)the credited amount is after a %5 discount.

b)the posting is transferred from the cash receipts journal,page 5.

c)the sales on credit is expected to be paid within 5 days.

d)the transaction in page number 5 is credited.

3- Which of the following is a column of a purchases journal ?

a)Interest Revenue CR

b)Account Payable CR

c)Cost of Goods Sold CR

d)Sales Revenue DR

4-If there is cash involved in a particular business transaction then the transaction should be recorded in either:

a)cash payments journal or general journal.

b)sales journal or purchases journal.

c)cash payments journal or cash receipts journal or and in general journal

d)cash payments journal or cash receipts

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