BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?

Related Mcqs:

1. Which of the following specialized journals records “goods returned by customers”?

   A. Purchase journal
   B. Sales journal
   C. Purchases return journal
   D. Sales return journal

2. Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?

   A. Purchase journal
   B. Sales return journal
   C. General journal
   D. Cash receipt journal

3. Cash received from debtor is recorded in which of the following SPECIALIZED journals?

   A. Purchase journal
   B. Sales journal
   C. Cash receipts
   D. Cash payments journal

4. Cash purchases is recorded in which of the following specialized journals?

   A. Purchase journal
   B. Sales journal
   C. Purchases return journal
   D. Cash payments journal

5. Specialized journals are more adequate for which TYPE OF BUSINESSES?

   A. Small businesses
   B. Big businesses
   C. Sole proprietorship
   D. Partnership

6. Debit note is the basis for recording a transaction in which of the following journals?

   A. General journal
   B. Cash journal
   C. Purchase journal
   D. Purchase return journal

7. Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

   A. Cash payments journal
   B. Cash receipts journal
   C. Purchases return journal
   D. General journal

8. Which of the following specialised journals will record “goods returned by the BUSINESS “?

   A. Purchase journal
   B. Sales journal
   C. Purchases return journal
   D. Sales return journal

9. Bank charges amounting to $5000 was not entered in the cash book. Identify the correct adjustment in cash book?

   A. Bank charges will be debited in cash book
   B. Bank charges will be added to cash book balance
   C. Bank charges will be credited in cash book
   D. Bank charges need no adjustment in cash book

10. Every business transaction affects at least ________ accounts?

    A. One
    B. Two
    C. Three
    D. Infinite