Financial AccountingExercise- The Accounting Cycle

1. Which of the following particular is NOT included in journal voucher?

2. 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)

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

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

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

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

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

8. All the statements are correct about Journal voucher EXCEPT

9. 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)

10. A supplier sends you a statement showing a balance outstanding of $14,350. Your own records show a
balance outstanding of $14,500.
Which one of the following could be the reason for this difference