Back to Course SS1: FINANCIAL ACCOUNTING – 1ST TERM 0% Complete 0/0 Steps Introduction to Booking Keeping and Accounting | Week 1 11 Topics | 1 Quiz Introduction to Booking Keeping and Accounting Qualities/Limitations of Accounting Information Introduction to the History of Accounting in Nigeria Professional Bodies in Accounting Accounting Standard Accounting Ethics Benefits of Accounting to the Profession & Society Regulatory Bodies that Checkmate Unethical Practices Accounting Equation Determine Debtors and Creditors Theory Questions – Introduction to Booking Keeping and Accounting SS1: Financial Accounting – Introduction To Historical Development of Book Keeping and Accounting Introduction to Books of Account | Week 2 6 Topics | 1 Quiz Introduction to Books of Account Source Documents Subsidiary Books (Cash Book) Principal Book or Ledger Journal Proper Theory Questions – Introduction to Books of Account SS1: Financial Accounting – Introduction to Books of Account Subsidiary Books of Account I | Week 3 4 Topics | 1 Quiz Sales Day Book or Sales Journal Illustration – Sales Day Book Return Inward Day Book or Journal Illustration – Return Inward Day Book SS1: Financial Accounting – Sales Day Book and Return Inward Book Subsidiary Books of Account II | Week 4 4 Topics | 1 Quiz Purchase Day Book or Purchase Journal Illustration – Purchase Day Book Return Outward Day Book or Journal Illustration – Return Outward Day Book SS1: Financial Accounting – Purchase Day Book and Return Outward Book Principles of Double Entry Book Keeping | Week 5 1 Topic | 1 Quiz Double Entry Principle SS1: Financial Accounting – Principles of Double Entry Bookeeping Cash Book | Week 6 6 Topics | 1 Quiz Cash Book Single Column Cash Book Double Column/Two Column Cash Book Three Column Cash Book Discounts Illustration – Three Column Cash Book SS1: Financial Accounting – Two and Three Column Cash Book Petty Cash Book | Week 7 1 Topic | 1 Quiz Imprest System & Preparation of Petty Cash Book SS1: Financial Accounting – Petty Cash Book Quizzes SS1: Financial Accounting 1st Term Examination Follow Quiz 6 of 8 ← Previous Next→ SS1: Financial Accounting – Two and Three Column Cash Book SS1: FINANCIAL ACCOUNTING – 1ST TERM Cash Book | Week 6 SS1: Financial Accounting – Two and Three Column Cash Book Time limit: 0 Quiz Summary 0 of 10 Questions completed Questions: Information You have already completed the quiz before. Hence you can not start it again. Quiz is loading… You must sign in or sign up to start the quiz. You must first complete the following: Results Quiz complete. Results are being recorded. Results 0 of 10 Questions answered correctly Your time: Time has elapsed You have reached 0 of 0 point(s), (0) Earned Point(s): 0 of 0, (0) 0 Essay(s) Pending (Possible Point(s): 0) Average score Your score Categories Not categorized 0% maximum of 10 points Pos. Name Entered on Points Result Table is loading No data available Would you like to submit your quiz result to the leaderboard? Loading Name: E-Mail: Captcha: 1 2 3 4 5 6 7 8 9 10 Current Review Answered Correct Incorrect Question 1 of 10 1. Question The distinguishing feature between a two-column and three column cash book is discount column cash column bank column ledger folio Correct Incorrect Question 2 of 10 2. Question The lodgement of business cash into the business bank account is an example of contra entry bank reconciliation self-balancing ledger reversal entry Correct Incorrect Question 3 of 10 3. Question Trade discounts are given for bulk purchases prompt payment quick delivery cash payment Correct Incorrect Question 4 of 10 4. Question Use the following information to answer the question given: Â Â Â Â Â Â Cash balance at 5/1/08 is N50,000 N40,000 N35,000 N30,000 Correct Incorrect Question 5 of 10 5. Question Balance in Purchases Account at 5/1/08 is N23,000 N18,000 N10,000 N8,000 Correct Incorrect Question 6 of 10 6. Question Balance in the CapitalAccount at 5/1/08 is N60,000 N50,000 N35,000 N5,000 Correct Incorrect Question 7 of 10 7. Question A three column Cash Book contains columns for Cash, Assets and Liabilities Bank, Cash and Assets Cash, Bank and Returns Discount, Cash and Bank Correct Incorrect Question 8 of 10 8. Question The Bank column in the cash book shows a credit balance of N 180. This means a total payment of N 180 a gross receipt of N 180 a left over of N180 in the bank an overdraft of N 180 a left over of N180 cash Correct Incorrect Question 9 of 10 9. Question Duke paid N 1,000 from office cash into the bank. To record this transaction debit _________ cash and credit bank bank and credit cash cash and credit bank bank and credit bank Correct Incorrect Question 10 of 10 10. Question Cash receipts and payments involving discounts are entered in three-column cash book two-column cash book analytical cash book petty cash book Correct Incorrect Subscribe Login Notify of new follow-up comments new replies to my comments Label {} [+] Name* Email* Website Label {} [+] Name* Email* Website 1 Comment Oldest Newest Inline Feedbacks View all comments BALAFAKUMA OTUMA JAMES 4 months ago So sweet
So sweet