SUA EXAM REVIEW QUESTIONS AND ANSWERS 2026
If there is no cash related journal entry in the general journal the total debit to cash
general ledger for the month must equal which of the following? - Answers - Total debit
to cash in the cash receipts journal for the month
When a customer of a company inquires about the amount which the customer owes
the company, the clerk handling the question would go to the: - Answers - Accounts
receivable subsidiary ledger
Which of the following accounts is not closed to income summary at year end? -
Answers - Prepaid expense
Which of the following items on a bank reconciliation would require an adjusting journal
entry? - Answers - Bank service charge
Which of the following transactions would be recorded in the general journal instead of
one of the special journals? - Answers - Depreciation recorded annually
A document indicating a reduction in the amount due from a customer because of
returned goods or allowance granted is called a - Answers - Credit memo
If the accountant was asked by management to determine the cost of inventory
purchases during the year from a particular vendor, he would most likely explain which
of the following to arrive at an answer: - Answers - Accounts payable subsidiary ledger
Which of the following documents originates outside of the company (not prepared
within the company) - Answers - Vendor invoice
The auditor wants to verify that for a given credit sale, (1) the merchandise was ordered
by a valid customer, (2) the merchandise was shipped to the customer, (3) a bill for the
merchandise was sent to the customer. The auditor should look at which documents? -
Answers - Sales order, bill of lading, sales invoice
When recording a credit sale transaction, where can the accountant find out the
subsidiary account number of the customer? - Answers - Accounts receivable
subsidiary ledger
The company borrowed money from the bank by signing a note payable. This
transaction will be recorded in which journal - Answers - Cash receipts journal
The manager of the company wants to know the details (purchase date, purchase price,
service life, residual value) of the desktop computers in the office. The accounting clerk
handling the question would go to the: - Answers - Fixed asset subsidiary ledger
If there is no cash related journal entry in the general journal the total debit to cash
general ledger for the month must equal which of the following? - Answers - Total debit
to cash in the cash receipts journal for the month
When a customer of a company inquires about the amount which the customer owes
the company, the clerk handling the question would go to the: - Answers - Accounts
receivable subsidiary ledger
Which of the following accounts is not closed to income summary at year end? -
Answers - Prepaid expense
Which of the following items on a bank reconciliation would require an adjusting journal
entry? - Answers - Bank service charge
Which of the following transactions would be recorded in the general journal instead of
one of the special journals? - Answers - Depreciation recorded annually
A document indicating a reduction in the amount due from a customer because of
returned goods or allowance granted is called a - Answers - Credit memo
If the accountant was asked by management to determine the cost of inventory
purchases during the year from a particular vendor, he would most likely explain which
of the following to arrive at an answer: - Answers - Accounts payable subsidiary ledger
Which of the following documents originates outside of the company (not prepared
within the company) - Answers - Vendor invoice
The auditor wants to verify that for a given credit sale, (1) the merchandise was ordered
by a valid customer, (2) the merchandise was shipped to the customer, (3) a bill for the
merchandise was sent to the customer. The auditor should look at which documents? -
Answers - Sales order, bill of lading, sales invoice
When recording a credit sale transaction, where can the accountant find out the
subsidiary account number of the customer? - Answers - Accounts receivable
subsidiary ledger
The company borrowed money from the bank by signing a note payable. This
transaction will be recorded in which journal - Answers - Cash receipts journal
The manager of the company wants to know the details (purchase date, purchase price,
service life, residual value) of the desktop computers in the office. The accounting clerk
handling the question would go to the: - Answers - Fixed asset subsidiary ledger
