Debtors Allowances Journal (Grade 10 NSC Matric Accounting): Quizzes
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10 questions from this quiz
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Practise the questions
10 questions from this quiz
What does the debtors allowances journal record?
What does the debtors allowances journal record?
Goods returned by credit customers
What document number is recorded in the Doc column of the DAJ?
What document number is recorded in the Doc column of the DAJ?
Credit note number
Which price is recorded in the debtors allowances column?
Which price is recorded in the debtors allowances column?
Selling price of returned goods
Which price is recorded in the cost of sales column?
Which price is recorded in the cost of sales column?
Cost price of returned goods
How often are individual debtor accounts posted from the DAJ?
How often are individual debtor accounts posted from the DAJ?
Daily
When are totals posted from the DAJ to the general ledger?
When are totals posted from the DAJ to the general ledger?
At month-end
What does the folio reference B4/N2 indicate?
What does the folio reference B4/N2 indicate?
General ledger pages for posting totals
What is recorded in the Fol column of the DAJ?
What is recorded in the Fol column of the DAJ?
Folio reference from debtors ledger
If goods with selling price R300 are returned, what is the cost at 66⅔% mark-up?
If goods with selling price R300 are returned, what is the cost at 66⅔% mark-up?
R180
Why should credit notes be numbered in sequence?
Why should credit notes be numbered in sequence?
For tracking and fraud prevention