Top 25 MCQ-Special Journal
Practice the Top 25 MCQ-Special Journal to see how well you know the material.
It will assist you in quickly grasping the special journal in accounting and performing well in competitive exams such as a job interview, a school or college accounting exam, and so on.
| Total MCQ: | 25 |
| Time: | 10 Minutes |
| Pass Mark: | 60 Percent |
So, let’s get started.
#1. Which journal is appropriate for recording cash sales?
#2. Which of these is recorded in the sales journal?
#3. Which of the following is included in the purchase journal?
#4. Which of the following statements is correct?
#5. “Goods sold to Mr. Paul on account of $4,000”. What is the most appropriate book for this transaction?
#6. Which of these is recorded in the purchase journal?
#7. The goods, which had been sold on credit, were returned. This transaction is recorded in—
#8. When are purchase journal accounts posted in the subsidiary ledger?
#9. ‘Old furniture sold for $3,000 on credit.’ Which journal is appropriate for this transaction?
#10. A customer sends a note to the seller to return goods purchased on an account called—
#11. Which one is needed for recoding cash purchases?
#12. When are the purchase journal accounts posted to the general ledger?
#13. When is it necessary to prepare a debit note?
#14. Which one is recorded in the general journal in the presence of a special journal?
#15. A car is purchased on credit for business purposes. It’s recorded in—
#16. What is the discount deducted from the price at the time of sale called?
#17. The source document for the purchase return journal is—-
#18. When does the credit note need to be prepared?
#19. What is the purchase journal’s source document?
#20. Two subsidiary ledgers are—-
#21. Which journal records the purchase of equipment on the account?
#22. Which transactions need to be recorded in a special journal?
#23. Which of the following is the sales return journal’s source document?
#24. Which journal records returned goods that were sold on credit?
#25. Which statement is correct in the presence of a special journal?
Results
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Keep your spirits up! Failure is just a part of the journey to success. Best of luck for next time!
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