BVR & ASSOCIATES
  • HOME
  • OUR SERVICES
    • TAX COMPLIANCE & ACCOUNTING
    • BUSINESS REGISTRATION
    • BACK OFFICE SUPPORT SERVICES
    • BUSINESS PROCESS OUTSOURCING
    • PAYROLL SERVICES
    • VIRTUAL ASSISTANT
    • FINANCIAL PLANNING
    • ASSET MANAGEMENT
    • HUMAN RESOURCES
  • About
  • ARTICLES
    • TESTIMONIALS
    • BLOG
  • CONTACT US
  • SERVICES

a compilation of cpa review questions that can help aspiring student
to become cpa

Click to set custom HTML

Theory of Accounts

3/11/2018

0 Comments

 
1. A voucher system is used in connection with transactions that involve only

a. the receipt of cash
b. the payment of cash
c. the purchase and sale of merchandise
d. revenue and expense

2. It is the business paper which a company makes for every cash payment

a. check
b. voucher
c. journal
d. official receipt

3. all vouchers are recorded in numerical sequence in the

a. check register
b. voucher register
c. general journal
d. cash disbursements journal

4. After voucher are recorded, they are filed in an unpaid vouchers file

a. numerically
b. in the order of payment
c. chronologically
d. no regular order

5. Which of the following statements is not correct? A file of unpaid vouchers

a. may be used to replace the accounts payable subsidiary ledger
b. is controlled by the vouchers payable account in the general ledger
c. shows during the year the total amount of all recorded outstanding liabilities for goods and services
d. shows only the total amount of outstanding liabilities for merchandise purchased


Answer:
1b.
2.b
3.b
4.b
5.d

0 Comments



Leave a Reply.

    Author

    A CPA who want to help accounting student to become one.

    Archives

    June 2020
    March 2018
    January 2018
    December 2017

    Categories

    All
    Theory Of Accounts

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • HOME
  • OUR SERVICES
    • TAX COMPLIANCE & ACCOUNTING
    • BUSINESS REGISTRATION
    • BACK OFFICE SUPPORT SERVICES
    • BUSINESS PROCESS OUTSOURCING
    • PAYROLL SERVICES
    • VIRTUAL ASSISTANT
    • FINANCIAL PLANNING
    • ASSET MANAGEMENT
    • HUMAN RESOURCES
  • About
  • ARTICLES
    • TESTIMONIALS
    • BLOG
  • CONTACT US
  • SERVICES