Day: August 20, 2019

Accounting Multiple Choice Question – 20 August 2019

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

The Purchases Daybook is a record of data extracted from which of the following source documents?

Select ONE answer:

  1. Invoices received from suppliers.
  2. Invoices issued to customers.
  3. Cheques issued.
  4. Orders received from customers.

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 1

  1. Correct
  2. Incorrect – Invoices issued to customers are recorded in the sales journal.
  3. Incorrect – Cheques issued are recorded in the cash book (or cheque payments book).
  4. Incorrect – Customers’ orders are recorded in an order book but, as they do not represent accounting transactions, they are not entered in any book of original entry.

 

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