Accounting and Finance MCQs Test 6

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on March 25, 2022

About This Quiz:

  • Chapter: Accounting and Finance
  • Quiz Type: Multiple choice questions (MCQs)
  • Number of MCQs: 40
  • Total Points: 40
  • Approximate Time Required: 10 – 15 minutes

Accounting and Finance MCQs Tets. Test your knowledge.

Frequently Asked Questions

What is the name of the document used when a company is buying goods on credit from another company?

Check / Cheque will be used to make paymen

What is a Sales Ledger?

A cash book is a subsidiary book in which both cash and bank transactions are maintained.

What is a Sales Ledger?

What is a Sales Ledger?

What is a Sales Journal?

A sales journal is used to record the merchandise sold on account.

What is Purchases Ledger?

A purchases journal is a Special Journal used to record any merchandise purchased on account.

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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