篩選結(jié)果 共找出329題

Which of the following statements is true?

A

A debit records an increase in liabilities.

B

A debit records a decrease in assets.

C

A credit records an increase in liabilities

D

A credit records an decrease in capital.

How is the total of the purchases day book posted to the nominal ledger?

A

Debit purchases, Credit cash

B

Debit payables control, Credit purchases

C

?Debit cash, Credit purchases

D

Debit purchases, Credit payables control

Which one of the following statements about an imprest system of petty cash is correct?

A

An imprest system for petty cash controls small cash expenditures because a fixed amount is

paid into petty cash at the beginning of each period.

B

The imprest system provides a control over petty cash spending because the amount of cash

held in petty cash at any time must be equal to the value of the petty cash vouchers for the

period

C

An imprest system for petty cash can operate without the need for petty cash vouchers or

receipts for spending.

D

An imprest system for petty cash helps with management of small cash expenditures and

reduces the risk of fraud

Which one of the following provides evidence that an item of expenditure on petty cash has been approved or authorised?

A

Petty cash voucher

B

Record of the transaction in the petty cash book

C

Receipt for the expense

D

Transfer of cash from the bank account into petty cash

What is the total of the sales day book?

A

$544

B

$589

C

$534

D

$579

What is the total of the purchases day book?

A

$880

B

$823

C

$1,033

D

$958

Smith Co has the following transactions:1 Purchase of goods on credit from T Rader: $4502 Return of goods purchased on credit last month to T Rouble: $700

What are the correct ledger entries to ?

A

Dr Purchases?????? $450????????????????? ?Dr Purchase Returns???????????? ?$700

Cr Cash?????????????? $450????????????????????Cr Trade Payables???????????????? $700

B

Dr Purchases???????????????????????? $450???????? Dr Trade Payables??????????????????$700

?Cr Purchase Returns????????????$1,150

C

Dr Purchases???????????????????????????? $450????????? Dr Trade Payables??????????????????????????????$250?

Cr Purchase Returns?????????????????$700

D

Dr Purchase Returns??????????????? $700???????????? Dr Purchases?????????????????????????$450?

Cr Trade Payables?????????????????? $1,150

Mew Ling has the following transactions:1 Receipt of cash from R Singh in respect of an invoice for goods sold three weeks

ago2 Receipt of cash from S Kalu for cash sales

What are the ledger entries required to record the above transactions?

A

Dr CashCr Sales

B

Dr CashCr SalesCr Trade Receivables

C

?Dr SalesCr Cash

D

Dr Trade ReceivablesDr Sales Cr Cash

How is the total of the sales day book recorded in the nominal ledger?

Debit?????????????????? ?Credit

A

Receivables?Receivables????????????????????????????????????? ?Ledger?Control Account

B

Receivables?Receivables?????????????????????????????????????? Control Account?Ledger

C

Sales???????????????????????????????????????????????????????????????????????Receivables?Control Account

D

Receivables??????????????????????????????????????????????????????????????? ?? ?SalesControl Account?

Are the following statements about debit entries true or false?

1 A debit entry in the cash book will increase an overdraft in the accounts.

2 A debit entry in the cash book will increase a bank balance in the accounts

A

Both true

B

Both false

C

?1 true and 2 false

D

1 false and 2 true