Accounting Quiz or Test Your Accounting Knowledge on Prime Books Of Entry

1.0  List the seven books of prime entry

2.0  What is meant by an “imprest system”?

3.0  Why is it necessary for businesses to maintain a sale ledger?

4.0  What types of transaction are recorded in the journal?

5.0  List four types of error which may occur in maintaining a bookkeeping system

6.0 State which books of original entry the following transactions would be entered into:

(a) ABC pays you $100
(b) You return goods to AB to the value of $100
(c) Customer AC returns goods to the value of $150
(d) You pay Jim $500
(e) You receive an invoice from A for $120
(f) Your accounts clerk ask you for $15 to buy stationery
(g) You send customer D an invoice for $700
(h) Your business pays Mr.C, a supplier $1000

7.0 What is the difference between the cash book and the petty cash book?

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