Accounting Multiple Choice Question – 18 August 2019

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

Accounting

The Sales Daybook is used to record…?

Select ONE answer:

  1. money received from debtors.
  2. the names, addresses, credit terms and other details regarding debtors.
  3. invoices issued to customers in respect of. goods sold on credit.
  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. Incorrect – Money received from debtors is initially recorded is the cash book (or cash receipts book).
  2. Incorrect – The names, addresses, credit terms and other details regarding debtors will be kept on file somewhere but not in the sales daybook.
  3. Correct
  4. Incorrect

 

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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