Accounting Multiple Choice Question – 19 September 2024

Which of the following transactions would initially be recorded in a company’s journal rather than its cash book?

Select ONE answer:

1. Bonus issue of shares
2. Sale of goods for cash to a customer
3. Receipt of loan from a bank
4. Purchase for cash of shares in another company

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. Not correct
3. Not correct
4. Not correct

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