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Financial Accounting · Topic 11 quiz

Subsidiary Books Quiz

Work through 25 multiple-choice questions, one at a time. Submit each answer for feedback. At the end, review your score and see which concepts to revisit.

Previous quizReview the Q&ANext curriculum topic
1. Credit purchase of resale goods belongs in…
2. Credit sale of resale goods belongs in…
3. Credit purchase of office furniture in a traditional system belongs in…
4. Returns inward means…
5. Bills accepted by the business belong in…
6. Purchases book total from two credit merchandise purchases? First credit purchase: 960. Second credit purchase: 144.
7. Payable after credit purchase and accepted supplier return? Credit purchase: 1080. Return: 156.
8. Sales book total from two credit merchandise sales? First credit sale: 1200. Second credit sale: 168.
9. Receivable after a credit sale and customer return? Credit sale: 1320. Return: 180.
10. Purchases book total from a credit merchandise purchase and a cash purchase? Credit purchase: 1440. Cash purchase: 192.
11. Purchases book total from two credit merchandise purchases? First credit purchase: 1200. Second credit purchase: 168.
12. Payable after credit purchase and accepted supplier return? Credit purchase: 1320. Return: 180.
13. Sales book total from two credit merchandise sales? First credit sale: 1440. Second credit sale: 192.
14. Receivable after a credit sale and customer return? Credit sale: 1560. Return: 204.
15. Purchases book total from a credit merchandise purchase and a cash purchase? Credit purchase: 1680. Cash purchase: 216.
16. Purchases book total from two credit merchandise purchases? First credit purchase: 1440. Second credit purchase: 192.
17. Payable after credit purchase and accepted supplier return? Credit purchase: 1560. Return: 204.
18. Sales book total from two credit merchandise sales? First credit sale: 1680. Second credit sale: 216.
19. Receivable after a credit sale and customer return? Credit sale: 1800. Return: 228.
20. Purchases book total from a credit merchandise purchase and a cash purchase? Credit purchase: 1920. Cash purchase: 240.
21. Purchases book total from two credit merchandise purchases? First credit purchase: 1680. Second credit purchase: 216.
22. Payable after credit purchase and accepted supplier return? Credit purchase: 1800. Return: 228.
23. Sales book total from two credit merchandise sales? First credit sale: 1920. Second credit sale: 240.
24. Receivable after a credit sale and customer return? Credit sale: 2040. Return: 252.
25. Purchases book total from a credit merchandise purchase and a cash purchase? Credit purchase: 2160. Cash purchase: 264.
Show the answer key
  1. Purchases book The correct choice is Purchases book.
  2. Sales book The correct choice is Sales book.
  3. Journal proper The correct choice is Journal proper.
  4. Sales returns The correct choice is Sales returns.
  5. Bills payable book The correct choice is Bills payable book.
  6. 1104 Both credit purchases belong in the purchases book.
  7. 924 The return reduces the supplier balance.
  8. 1368 Both credit sales belong in the sales book.
  9. 1140 The credit note reduces receivables.
  10. 1440 The cash purchase goes in the cash book.
  11. 1368 Both credit purchases belong in the purchases book.
  12. 1140 The return reduces the supplier balance.
  13. 1632 Both credit sales belong in the sales book.
  14. 1356 The credit note reduces receivables.
  15. 1680 The cash purchase goes in the cash book.
  16. 1632 Both credit purchases belong in the purchases book.
  17. 1356 The return reduces the supplier balance.
  18. 1896 Both credit sales belong in the sales book.
  19. 1572 The credit note reduces receivables.
  20. 1920 The cash purchase goes in the cash book.
  21. 1896 Both credit purchases belong in the purchases book.
  22. 1572 The return reduces the supplier balance.
  23. 2160 Both credit sales belong in the sales book.
  24. 1788 The credit note reduces receivables.
  25. 2160 The cash purchase goes in the cash book.
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