Accounting Multiple Choice Question – 24 August 2019

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

Accounting

The data entered in the Returns Outwards Journal comes from . . .

Select ONE answer:

  1. invoices sent to customers.
  2. invoices received from suppliers.
  3. credit notes sent to customers.
  4. credit notes received from suppliers.

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 4

  1. Incorrect – Invoices sent to customers are recorded in the sales journal.
  2. Incorrect – Invoices received from suppliers are recorded in the purchases journal.
  3. Incorrect – Credit notes sent to customers are recorded in the returns inwards journal.
  4. Correct

 

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Author: stuart001uk2014

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

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