Accounting Multiple Choice Question – 29 August 2019

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

Which of the following should be recorded in the Journal?

Select ONE answer:

  1. Cash sales.
  2. Fixtures bought on credit.
  3. 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 2

  1. Incorrect – A Cash sales should be recorded in the cash book (or cash receipts book).
  2. Correct
  3. Incorrect – Goods sold on credit should be recorded in the sales journal.
  4. Incorrect

 

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