Departmental Sales & Cash Receipts in Accounting

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

When would revenue be recorded for a sale?

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1. In which journal would cash sales in a departmental accounting system would be recorded?

2. In which journal would sales on account be recorded in a departmental accounting system?

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About This Quiz & Worksheet

The quiz and worksheet are designed so that you can see how much you know about departmental sales and cash receipts in accounting. Recording revenue and different types of journals are covered on the quiz, which has an interactive format.

Quiz & Worksheet Goals

Take the quiz to assess your understanding of:

  • Calculating percentage of sales
  • What departmental accounting facilitates
  • When revenue is recorded for sales
  • Types of financial journals

Skills Practiced

  • Knowledge application - use your knowledge to answer questions about the different types of journals used in accounting
  • Information recall - access the knowledge you have gained about recording revenue
  • Problem solving - use acquired knowledge to calculate percentage of sales

Additional Learning

Gain more knowledge about these accounting principles using the lesson: Departmental Sales & Cash Receipts in Accounting. Complete this lesson to:

  • See what sales revenue represents
  • Review journal entries
  • Analyze different types of financial journals
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