Financial AccountingExercise- The Accounting Cycle

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

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

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

4. Which of the following item is found in a Journal entry? (1) Date of each transaction (2) Rupee amount of each debit and credit (3) Explanation of each transaction

5. From all of the given options which of the following voucher is used to record transactions that do not affect bank & cash?

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

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

8. What is the next step to Journalizing in Accounting cycle?

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

10. 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)