Accounting Multiple Choice Question – 28 August 2019

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

The Journal is . . .

Select ONE answer:

  1. A part of the double-entry system of accounting.
  2. used to record cash transactions only.
  3. not part of the double-entry accounting system.
  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 – The journal is a book of original entry, from which figures are posted to the double-entry accounting system.
  2. Incorrect – Cash transactions are recorded in the cash book (or cash receipts book).
  3. Correct
  4. Incorrect

 

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