Gce Model Questions Vol1 2019 Financial Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Gce Model Questions Vol1 Financial Accounting examination.

Gce Model Questions Vol1 2019 Financial Accounting Objective / Multiple Choice Medium Difficulty
Question 7 GCE_MODEL_QUESTIONS_VOL1 • 2019 • FINANCIAL_ACCOUNTING • objective

Four transactions are recorded as follows:\n1. Received \(\text{₦}6,000\) cash from a customer for services rendered.\n2. Bought office supplies on credit for \(\text{₦}2,500\).\n3. Paid a bank loan instalment of \(\text{₦}3,000\) by cheque.\n4. Corrected an earlier error by debiting Purchases \(\text{₦}1,200\) and crediting Suspense \(\text{₦}1,200\).\nMatch each transaction to the appropriate book of original entry (Cash Book, Purchases Journal, Bank Book, General Journal). List the books in order of transactions 1 to 4.

Answer Options

A. Purchases Journal, Cash Book, Bank Book, General Journal
B. Cash Book, Purchases Journal, General Journal, Bank Book
Correct Answer C. Cash Book, Purchases Journal, Bank Book, General Journal
D. Cash Book, Bank Book, Purchases Journal, General Journal
Correct Answer
C
Correct Option:
Cash Book, Purchases Journal, Bank Book, General Journal

About This Question

This is Gce Model Questions Vol1 2019 Financial Accounting Question 7. It is one of the objective questions from the 2019 Gce Model Questions Vol1 Financial Accounting examination.

Difficulty level: Medium .

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