1) The sequence of the steps to be followed in accounting activities is known as: a) Accounting process b) Accounting information c) Accounting cycle 2) The steps in accounting process are as below, EXCEPT: a) Recording b) Communicating c) Asking 3) Below are steps in the Accounting Cycle, EXCEPT: a) Ledger b) Transactions c) Adjusted Trial Balance 4) The statement below is TRUE about Trial Balance, EXCEPT: a) The statement that list down all the closing balance. b) The total of Trial Balance must agree between Debit side and Credit side. c) It will prepare after preparation of Financial Statement. 5) This source of documents will issue if goods or services were purchased on credit:  a) Cash bill b) Delivery Order c) Invoices 6) It is a short document used to convey message. a) Memo b) Credit notes c) Official receipts 7) This source of document is very important in distribution goods to customer. a) Credit note b) Delivery order c) Payment vouchers 8) Which transaction below is recorded into Sales Journal: a) Sold goods worth RM150 on credit. b) Sold goods worth RM200 on cash. c) Goods worth RM50 returned to supplier. 9) Which transaction below is recorded into Return Inwards Journal: a) Goods worth RM230 returned to supplier, Ali. b) Goods worth RM20 returned by customer, Nana. c) Received RM300 from Ali. 10) Which transaction below is recorded into General Journal: a) Bought goods RM100 on credit from Samy. b) Goods worth RM300 returned to Asmah. c) Purchased office equipment worth RM2,000 on credit.

QUIZ CHAPTER 3

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