FUN PACK 1

Question 1

Name the three types of ledger kept by a business.

Answer 1

sales ledger, purchases ledger, general ledger

Question 2

Identify the ledger where credit customer John’s account is kept.

Answer 2

Sales ledger

Question 3

Identify the ledger where credit supplier Ken’s account is kept.

Answer 3

Purchases ledger

Question 4

Identify the ledger where inventory account is kept.

Answer 4

General ledger

Question 5

Identify the ledger where trade receivables control account is kept.

Answer 5

General ledger

Question 6

Identify the ledger where sales revenue account is kept.

Answer 6

General ledger

Question 7

Identify the ledger where rent expense account is kept.

Answer 7

General ledger

Question 8

Identify the ledger where trade receivable Paul’s account is kept.

Answer 8

Sales ledger

Question 9

Identify the ledger where trade payable Yong’s account is kept.

Answer 9

Purchases ledger

Question 10

Identify the ledger where trade payable control account is kept.

Answer 10

General ledger.