Professional Bookkeeping and Accounting 1 - Sales and Purchases (Certificate Courses)
Complete the sequence of events in their correct order.
Which of the following best describes the role of a
bookkeeper? Choose one.
Which type of information is not commonly found in a master
file? Choose one.
Which of the following is a cash transaction for a buyer?
Choose one.
Which of the following represent the accounting equation?
Choose one.
Credit notes are issued for what reasons? Choose three
Which of the following daybooks would you record sales
invoice and credit notes? Choose one.
Who is interested in a business's financial information?
True or False? Coding allows you to quickly file and find
financial documents such as purchase invoices?
What type of policy might a company have in relation to how
long and in what way they store financial documents? Choose one.
Which of the following is a non-current asset? Choose one.
True or False? Sales tax is refundable to those registered
for sales tax.
Which of the following are liabilities?
Which of the following transactions cannot be included in
the books of the business? Choose one.
Which of the following is not a reason for document
retention? Choose one.
Which of the following are not current assets? Choose two.
Assets that the business expects to continue using for a
number of years in the business are ________________________. Choose one.
The books of prime entry are also known as? Choose two.
True or False? When preparing a sales invoice and the
customer has been offered a settlement discount, the invoice is prepared and
accounted for before the discount.
Tags:
Questions and Answers