IGCSEAccountingCambridge (CIE)Exam Questions2. Sources & Recording of DataBooks of Prime Entry

Books of Prime Entry (Cambridge (CIE) IGCSE Accounting)

Exam Questions

6 mins6 questions
11 mark

In which order should accounting data be processed when using the double entry system?

  • business documents, journals, ledgers, trial balance

  • journals, ledgers, business documents, trial balance

  • ledgers, business documents, trial balance, journals

  • trial balance, ledgers, business documents, journals

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21 mark

Leilani issues an invoice for goods sold on credit which have a full price of $3500.

She offers a trade discount of 12%, and also a cash discount of 5% for prompt payment.

Which amount should she record in the sales journal?

  • $2905

  • $2926

  • $3080

  • $3500

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31 mark

How is the total from the sales journal recorded in the ledger at the end of the month?

  • credited to customers' personal accounts

  • credited to the sales account

  • debited to customers' personal accounts

  • debited to the sales account

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41 mark

When writing up the sales journal and the sales returns journal, which business documents are used to provide the information?

sales journal

sales returns journal

A

invoices issued

credit notes issued

B

invoices issued

credit notes received

C

invoices received

credit notes issued

D

invoices received

credit notes received

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    51 mark

    In October, Elvin entered all the credit notes he received in the correct returns journal.

    How was the total of that journal recorded in the ledger at the end of the month?

    • credit purchases returns account

    • credit sales returns account

    • debit purchases returns account

    • debit sales returns account

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    61 mark

    Estel sold goods to a customer on credit.

    Which one of the following is the first place where she recorded the invoice she issued?

    • general journal

    • general ledger

    • sales journal

    • sales ledger

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