Accounting for AQA: Part 1: Chapter 6

Question 1 Introduction

The entries in the double-entry accounts for a purchase of goods on credit are: debit purchases account in the general ledger (also called the nominal ledger); credit the account of the trade payable in the purchases ledger.

Question 1

In double-entry bookkeeping a ledger is a section of the accounting system which contains accounts dealing with specific areas, for example sales ledger containing the accounts of trade receivables.

True

False

Question 2

The sales ledger contains sales account and the accounts of trade receivables.

True

False

Question 3

Transactions recorded in sales ledger include sales, sales returns, payments received from trade receivables.

True

False

Question 4

Transactions recorded in purchases ledger include purchases, purchases returns, payments made to trade payables and cash purchases.

True

False

Question 5

The entries in the double-entry accounts for a purchase of goods on credit are: debit purchases account in the general ledger (also called the nominal ledger); credit the account of the trade payable in the purchases ledger.

True

False

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Accounting for AQA: Part 1: Chapter 6

Page 1 of 2 - There are 10 questions in total.

Question 1 Introduction

Question 1

In double-entry bookkeeping a ledger is a section of the accounting system which contains accounts dealing with specific areas, for example sales ledger containing the accounts of trade receivables.

Question 2

The sales ledger contains sales account and the accounts of trade receivables.

Question 3

Transactions recorded in sales ledger include sales, sales returns, payments received from trade receivables.

Question 4

Transactions recorded in purchases ledger include purchases, purchases returns, payments made to trade payables and cash purchases.

Question 5

The entries in the double-entry accounts for a purchase of goods on credit are: debit purchases account in the general ledger (also called the nominal ledger); credit the account of the trade payable in the purchases ledger.

AAT Q2022 Books

Accounting for AQA: Part 1: Chapter 6

Page 1 of 2 - There are 10 questions in total.

Question 1 Introduction

Question 1

In double-entry bookkeeping a ledger is a section of the accounting system which contains accounts dealing with specific areas, for example sales ledger containing the accounts of trade receivables.

Question 2

The sales ledger contains sales account and the accounts of trade receivables.

Question 3

Transactions recorded in sales ledger include sales, sales returns, payments received from trade receivables.

Question 4

Transactions recorded in purchases ledger include purchases, purchases returns, payments made to trade payables and cash purchases.

Question 5

The entries in the double-entry accounts for a purchase of goods on credit are: debit purchases account in the general ledger (also called the nominal ledger); credit the account of the trade payable in the purchases ledger.