Accounting MCQs

A: They are mainly prepared for external users of financial information

B: They are more complex and hard to prepare

C: The are the summary of accounting data

D: The are prepared on basis of actual concept

A: Small businesses

B: Big businesses

C: Sole proprietorship

D: Partnership

A: Cash receipts journal

B: General journal

C: Source document

D: Cash book

A: Cash receipts journal

B: Cash payments journal

C: Sales journal

D: Purchase journal

A: General journal

B: Cash journal

C: Purchase journal

D: Sales return day book

A: Cash payments journal

B: Cash receipts journal

C: Purchases return journal

D: General journal

A: Specialized journal

B: Day book

C: Cash book

D: Record book

A: Purchase journal

B: Sales journal

C: Purchases return journal

D: Sales return journal

A: Credit sales

B: Credit purchases

C: Credit sales and purchases

D: Cash sales and purchases

A: Purchase journal

B: Sales journal

C: Cash receipts

D: Cash payments journal