Self Assessment Quizzes

CHAPTER 16: Section 1 The Sales Journal

	1.	A column total written in small penciled figures is called

		a.	tracing
		b.	totaling
		c.	toeing
		d.	footing

	2.	A journal used to record debits and credits to specific general ledger accounts is called a

		a.	general journal
		b.	specific journal
		c.	special journal
		d.	extraordinary journal

	3.	Special journals

		a.	simplify the posting process
		b.	simplify the recording process
		c.	organize business transactions
		d.	all of the above

	4.	The journal used to record sales of merchandise on account is called a

		a.	accounts receivable journal
		b.	sales journal
		c.	accounts payable journal
		d.	cash journal

	5.	The value of the merchandise sold is recorded in the sales journal in the

		a.	Sales Tax Payable credit column
		b.	Sales credit column
		c.	Customer`s Account Debit column
		d.	Accounts Receivable Debit column

	6.	The number of postings from the sales journal to the general ledger depends upon

		a.	the number of charge customers affected by each transaction
		b.	the balance of the charge customer`s account
		c.	the number of special amount columns in the sales journal
		d.	the dates of the transactions