Accounting Multiple Choice Question – 21 May 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

‘Posting’ means …?

Select ONE answer:

  1. making the first record of transactions.
  2. recording transactions in a book of original entry.
  3. transferring the total(s) of a book of original entry to the nominal (general) ledger.
  4. None of the above.

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Accounting KS5 classes.

The answer is 3

  1. The first record of a transaction is made in a book of original entry.
  2. ‘Posting’ means transferring data which has already been recorded somewhere in the accounting records to the nominal (general) ledger.
  3. Correct
  4. Not correct

 

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