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    UGRD1

    Uploaded by

    Jamyr Barrioquinto
    The document is a quiz on accounting concepts taken by a student named UGRD-ACTG6153-2222S. It consisted of 10 multiple choice questions on topics like accounting journals, subsidiary ledgers, debit and credit memorandums. The student scored 7 out of 10 points on the quiz which is a grade of 70% out of 100%.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    UGRD1

    Uploaded by

    Jamyr Barrioquinto
    33 views5 pages
    The document is a quiz on accounting concepts taken by a student named UGRD-ACTG6153-2222S. It consisted of 10 multiple choice questions on topics like accounting journals, subsidiary ledgers, debit and credit memorandums. The student scored 7 out of 10 points on the quiz which is a grade of 70% out of 100%.

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    The document is a quiz on accounting concepts taken by a student named UGRD-ACTG6153-2222S. It consisted of 10 multiple choice questions on topics like accounting journals, subsidiary ledgers, debit and credit memorandums. The student scored 7 out of 10 points on the quiz which is a grade of 70% out of 100%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    33 views5 pages

    UGRD1

    Uploaded by

    Jamyr Barrioquinto
    The document is a quiz on accounting concepts taken by a student named UGRD-ACTG6153-2222S. It consisted of 10 multiple choice questions on topics like accounting journals, subsidiary ledgers, debit and credit memorandums. The student scored 7 out of 10 points on the quiz which is a grade of 70% out of 100%.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 5

    1.

    UGRD-ACTG6153-2222S
    2. Prelim Quiz 2

    QUIZ

    Prelim Quiz 2
    Started on Tuesday, 7 March 2023, 10:42 AM
    State Finished
    Completed on Tuesday, 7 March 2023, 10:51 AM
    Time taken 8 mins 58 secs
    Marks 7.00/10.00
    Grade 70.00 out of 100.00
    Question 1
    Incorrect
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    Question text
    It is an accounting journal for recording sales on account.
    Select one:

    a.
    Purchases Journal

    b.
    Subsidiary Ledger

    c.
    Sales Journal

    d.
    Cash Receipts Journal

    Question 2
    Correct
    Mark 1.00 out of 1.00

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    Question text
    Document supporting the sales return and allowances is called a debit memo.
    Select one:
    True
    False 

    Question 3
    Correct
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    Question text
    The detailed record of individual accounts is
    Select one:

    a.
    Sales Journal

    b.
    Subsidiary Ledger

    c.
    Purchases Journal

    d.
    Special Journal

    Question 4
    Correct
    Mark 1.00 out of 1.00

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    Question text
    What journal will you use to record the following transaction:Purchases of merchandise on
    account.
    Select one:

    a.
    Cash Receipts Journal

    b.
    Cash Payments Journal

    c.
    Purchases Journal

    d.
    General Journal

    Question 5
    Correct
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    Question text
    It is a detailed record of individual customer's accounts.
    Select one:

    a.
    Cash Payments Journal

    b.
    Cash Receipts Journal

    c.
    Special Journals

    d.
    Accounts Receivable subsidiary ledger

    Question 6
    Correct
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    Question text
    The issuance of this document results to a debit to Sales Returns and Allowances and credit
    Accounts Receivable.
    Select one:

    a.
    General Journal

    b.
    Debit memorandum

    c.
    Accounts Payable Subsidiary Ledger

    d.
    Credit memorandum

    Question 7
    Incorrect
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    Question text
    What journal will you use to record the following transaction:Cash sale of merchandise
    inventory.
    Select one:

    a.
    Cash Receipts Journal

    b.
    Purchases Journal

    c.
    General Journal

    d.
    Cash Payments Journal

    Question 8
    Incorrect
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    Question text
    It is used to summarize the collectibles and payments from every individual or customer.
    Select one:

    a.
    General Journal

    b.
    Sales Journal

    c.
    Accounts Receivable Subsidiary ledger

    d.
    Accounts Payable Subsidiary Ledger

    Question 9
    Correct
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    Question text
    The total of all the balances of the customers' subsidiary ledgers should be equal to the balance
    of Account Receivable general ledger.
    Select one:
    True 
    False

    Question 10
    Correct
    Mark 1.00 out of 1.00

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    Question text
    Depreciation is recorded in the
    Select one:

    a.
    Purchases Journal

    b.
    Debit Memorandum

    c.
    Special journal

    d.
    General Journal

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