Financial AccountingExercise- The Accounting Cycle

1. Which of the following is NOT a characteristic of Journal?

2. The process of transferring journal entry information to the ledger is called

3. Which of the following is a FIRST product of accounting cycle?

4. Which of the following is Not a part of General Ledger?

5. Which one of the following is called the book of primary Entry?

6. Which of the following account balance/s is/are shown on credit side of Trial Balance? (It is assumed that all account balances are shown on normal balance)

7. Which of the following voucher is used to record receipt of cash?

8. Which of the following particular/s is/are included in payment voucher?

9. In an account if debit side > credit side, the balance is known as the

10. In which of the following all vouchers are first recorded___________.