Accounting for AQA: Part 1: Chapter 10

Question 1 Introduction

Errors in the double-entry system which will be picked up in a trial balance include: entering a debit but forgetting the credit, entering a different amount for the debit and the credit, forgetting to enter both the debit and credit entries.

Question 1

The journal is the part of the double-entry accounting system which deals with non-regular transactions.

True

False

Question 2

The type of entries made in the journal include: opening entries when a business starts up, the purchase and sale of non-current assets on credit, correction of errors and year end ledger transfers.

True

False

Question 3

The journal will normally have columns for the date, the details of the transaction, any reference and the debit and credit entries relating to the transaction.

True

False

Question 4

A journal entry for a cheque paid into the bank by the owner for a business start-up will show a debit to Capital Account and a credit to Bank Account; these entries will have to be made in the double-entry system.

True

False

Question 5

Errors in the double-entry system which will be picked up in a trial balance include: entering a debit but forgetting the credit, entering a different amount for the debit and the credit, forgetting to enter both the debit and credit entries.

True

False

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Accounting for AQA: Part 1: Chapter 10

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

Question 1 Introduction

Question 1

The journal is the part of the double-entry accounting system which deals with non-regular transactions.

Question 2

The type of entries made in the journal include: opening entries when a business starts up, the purchase and sale of non-current assets on credit, correction of errors and year end ledger transfers.

Question 3

The journal will normally have columns for the date, the details of the transaction, any reference and the debit and credit entries relating to the transaction.

Question 4

A journal entry for a cheque paid into the bank by the owner for a business start-up will show a debit to Capital Account and a credit to Bank Account; these entries will have to be made in the double-entry system.

Question 5

Errors in the double-entry system which will be picked up in a trial balance include: entering a debit but forgetting the credit, entering a different amount for the debit and the credit, forgetting to enter both the debit and credit entries.

AAT Q2022 Books

Accounting for AQA: Part 1: Chapter 10

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

Question 1 Introduction

Question 1

The journal is the part of the double-entry accounting system which deals with non-regular transactions.

Question 2

The type of entries made in the journal include: opening entries when a business starts up, the purchase and sale of non-current assets on credit, correction of errors and year end ledger transfers.

Question 3

The journal will normally have columns for the date, the details of the transaction, any reference and the debit and credit entries relating to the transaction.

Question 4

A journal entry for a cheque paid into the bank by the owner for a business start-up will show a debit to Capital Account and a credit to Bank Account; these entries will have to be made in the double-entry system.

Question 5

Errors in the double-entry system which will be picked up in a trial balance include: entering a debit but forgetting the credit, entering a different amount for the debit and the credit, forgetting to enter both the debit and credit entries.