Question
I'm which journal would you record each of the following transactions ? Scenario you received a cheque for goods you sold. a) cash payment journal
I'm which journal would you record each of the following transactions ?
Scenario
- you received a cheque for goods you sold.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
scenario
2- you collected the car from your garage mechanic after it had been serviced that day and you wrote a cheque to cover the invoice.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
scenario
3- you called in at the printer and collected the printing you ordered. The printer gave you an invoice and put the amount on your account.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
4- the bank paid you interest on the money you had in your bank account.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
5- you supplied sports equipment to ten members of your sports club on the condition that they will pay you in one months time.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
6- the monthly telephone bill arrives in the mail and must be entered into the accounting system of the company.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
7- you paid rent with a cheque.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
8- you received a cheque from a customer who paid his account.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
9- you took delivery of stock which you purchased on account from your supplier.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
10- you received a telephone call from your customer ordering goods to be sent on his account.
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
11- invoices from your suppliers for goods you had purchased on account would be recorded where?
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
12- receipts for items you paid for would be recorded where?
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
13- receipts you have issued to your customers would be recorded where?
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
14- invoices which you have issued to your customers for items they have purchased on credit would be recorded where?
a) cash payment journal
b) cash receipts journal
c) purchases journal
d) sales journal
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