Creditors Journal (Grade 10 NSC Matric Accounting): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of journal is the Creditors Journal?
What type of journal is the Creditors Journal?
Subsidiary journal
What does the Creditors Journal record?
What does the Creditors Journal record?
All purchases made on credit
How is trade discount recorded in the Creditors Journal?
How is trade discount recorded in the Creditors Journal?
It is NEVER recorded in the books
Goods valued at R8 000 with 25% trade discount. What amount is recorded?
Goods valued at R8 000 with 25% trade discount. What amount is recorded?
R6 000
What does the Fol (Folio) column link to?
What does the Fol (Folio) column link to?
Creditors Ledger
How often must entries be posted to the Creditors Ledger?
How often must entries be posted to the Creditors Ledger?
Daily
What must the creditors control total equal?
What must the creditors control total equal?
Sum of all analysis columns
How should an owner's personal vehicle service be recorded?
How should an owner's personal vehicle service be recorded?
As Drawings
How must invoices be numbered in the Creditors Journal?
How must invoices be numbered in the Creditors Journal?
Sequential numbers in numerical order
When is the sundry account column used?
When is the sundry account column used?
When no other column applies