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OtisamLMS
Financial Accounting

Financial Accounting · Quick practice · answer shown after each question

Double entry and books of prime entry

Question 1 of 10

Question 1 of 10

Credit purchase of a motor van is first recorded in the

Question 2 of 10

Question 2 of 10

Returns of goods by customers are recorded in the

Question 3 of 10

Question 3 of 10

A contra entry in a three-column cash book occurs when

Question 4 of 10

Question 4 of 10

Cash paid for rent is recorded by

Question 5 of 10

Question 5 of 10

Credit purchases of goods for resale are entered first in the

Question 6 of 10

Question 6 of 10

The book used to record the return of goods by customers is the

Question 7 of 10

Question 7 of 10

When goods are sold on credit to Kofi, the entry is

Question 8 of 10

Question 8 of 10

The owner takes goods for personal use. The entry is

Question 9 of 10

Question 9 of 10

Which of the following is recorded in the journal proper?

Question 10 of 10

Question 10 of 10

Discount allowed to customers is

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.