Top 25 MCQ-Journal

Test your accounting skills by practicing this easy and simple “Top 25 MCQ-Journal”.

This will make you confident to do well in any competitive tests, such as job interviews, school and college exams, accounting tests, etc.

Total MCQ:	25
Time:	10 Minutes
Pass Mark:	60 Percent

So let’s get started.

START QUIZ

#1. What is a Journal?

A complete account

An account in brief

Analysis of transaction into debit & credit

Final account

#2. Transactions are first recorded in-

Adjusting entries

Trial balance

Ledger

Journal

#3. Which is the daily or primary book of accounts?

Worksheet

Journal

Ledger

Trial Balance

#4. The total number of column in the form of the journal is

Five

Six

Four

Three

#5. When the journal is recorded?

When the transaction is completed

When an order is given for purchasing

When a document is got from the sources

When the product is distributed into the market

#6. What is the journal entry for bad debt expenses?

Bad debt A/C—Dr. and Cash A/C—Cr.

Bank A/C—Dr. and Bad Debt A/C—Cr.

Bad Debt A/C—Dr. and Accounts Receivable A/C—Cr.

Accounts Receivable A/C—Dr. and Bad Debt A/C—Cr.

#7. From which language does the word “Journal” come?

German

English

Hindi

French

#8. From which word does the word “Journal” come?

Jaur

Jour

Jur

Jeur

#9. Which statement is correct for Journal?

Journal is the main book of accounts

Journal is the second (2nd) step in the accounting cycle

Journal is the final book of accounts

Journal is the First (1st) step in the accounting cycle

#10. Journal is called-

The main book of accounts

The final book of accounts

The primary book of accounts

None of the above

#11. What is the main purpose of the journal?

Primary Accounting

Analysis of debit and credit

Recording Transaction

None of the above

#12. “Return sold products”- which a/c is debited?

Sales A/C

Purchase A/C

Purchase Return A/C

Sales Return A/C

#13. How many types of general journals?

Two

Three

Four

Five

#14. How many types of special journals?

Four

Five

Six

Seven

#15. “Paid owner’s income tax”-journal will be-

Income Tax A/C--Dr. and Cash A/C—Cr.

Owner’s Drawing A/C—Dr. and Cash A/C—Cr.

Tax A/C—Dr. and Bank A/C—Cr.

Cash A/C—Dr. and Income Tax A/C—Cr.

#16. Journal works-

As proof

To determine the total sum

For mathematical accuracy

To determine the balance of the account

#17. Which journal entry will be used for the opening stock?

Closing journal

Adjusting journal

Reverse journal

Opening journal

#18. Where is Journal transferred next?

Balance Sheet

Trial Balance

Ledger

Worksheet

#19. “Paid $1200 with 15% VAT for Purchasing of stationary.” Which one has to be debited for this transaction?

Vat Current A/C

Cash A/C

Stationary A/C

Purchase A/C

#20. Which of the following is to be credited for the transaction “sale of old equipment”?

Equipment A/C

Old Equipment A/C

Sales A/C

Equipment Sales A/C

#21. Why is it mandatory to explain in the journal?

To know the transaction information

For accounting in the ledger.

For the preparation of financial statements

For financial statement analysis

#22. What is the name for a transaction that involves two or more debit or credit accounts?

General Journal

Mixed Journal

Special Journal

Simple Journal

#23. What is the transaction’s detailed, complete, and reliable historical information center?

Trial Balance

Balance Sheet

Journal

Ledger

#24. Why Journal is called the book of basic accounts?

The future is known

If there is any doubt, it can be examined in the journal

The primary book of account

None of the above

#25. Which account is closed through the closing journal?

Furniture A/C

Equipment A/C

Drawings A/C

Advance Insurance Premium A/C

Finish

Results

Congratulations on passing the quiz! Your dedication and effort have paid off. Keep up the great work!

Keep your spirits up! Failure is just a part of the journey to success. Best of luck for the next time!

You can also check:

Top 25 MCQ-

Introduction to Accounting
Accounting Transaction

Account
Double Entry System
Accounting Ledger

Cash Book

Top 25 Questions and Answers-Capital Budgeting [With PDF]

Top 25 MCQ-Accounting Ledger

Top 25 MCQ-Journal

#1. What is a Journal?

#2. Transactions are first recorded in-

#3. Which is the daily or primary book of accounts?

#4. The total number of column in the form of the journal is

#5. When the journal is recorded?

#6. What is the journal entry for bad debt expenses?

#7. From which language does the word “Journal” come?

#8. From which word does the word “Journal” come?

#9. Which statement is correct for Journal?

#10. Journal is called-

#11. What is the main purpose of the journal?

#12. “Return sold products”- which a/c is debited?

#13. How many types of general journals?

#14. How many types of special journals?

#15. “Paid owner’s income tax”-journal will be-

#16. Journal works-

#17. Which journal entry will be used for the opening stock?

#18. Where is Journal transferred next?

#19. “Paid $1200 with 15% VAT for Purchasing of stationary.” Which one has to be debited for this transaction?

#20. Which of the following is to be credited for the transaction “sale of old equipment”?

#21. Why is it mandatory to explain in the journal?

#22. What is the name for a transaction that involves two or more debit or credit accounts?

#23. What is the transaction’s detailed, complete, and reliable historical information center?

#24. Why Journal is called the book of basic accounts?

#25. Which account is closed through the closing journal?

Results

Top 25 MCQ-Accounting Transaction

Top 25 MCQ-Account

Top 25 MCQs on Trial Balance

Top 25 MCQ-Double Entry System

Top 25 MCQ-Introduction to Accounting

Top 25 MCQ-Special Journal

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#1. What is a Journal?

#2. Transactions are first recorded in-

#3. Which is the daily or primary book of accounts?

#4. The total number of column in the form of the journal is

#5. When the journal is recorded?

#6. What is the journal entry for bad debt expenses?

#7. From which language does the word “Journal” come?

#8. From which word does the word “Journal” come?

#9. Which statement is correct for Journal?

#10. Journal is called-

#11. What is the main purpose of the journal?

#12. “Return sold products”- which a/c is debited?

#13. How many types of general journals?

#14. How many types of special journals?

#15. “Paid owner’s income tax”-journal will be-

#16. Journal works-

#17. Which journal entry will be used for the opening stock?

#18. Where is Journal transferred next?

#19. “Paid $1200 with 15% VAT for Purchasing of stationary.” Which one has to be debited for this transaction?

#20. Which of the following is to be credited for the transaction “sale of old equipment”?

#21. Why is it mandatory to explain in the journal?

#22. What is the name for a transaction that involves two or more debit or credit accounts?

#23. What is the transaction’s detailed, complete, and reliable historical information center?

#24. Why Journal is called the book of basic accounts?

#25. Which account is closed through the closing journal?

Results

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