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.

So let’s get started.

START QUIZ

#1. What is a Journal?

A complete account

A complete account

An account in brief

An account in brief

Analysis of transaction into debit & credit

Analysis of transaction into debit & credit

Final account

Final account

#2. Transactions are first recorded in-

Adjusting entries

Adjusting entries

Trial balance

Trial balance

Ledger

Ledger

Journal

Journal

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

Worksheet

Worksheet

Journal

Journal

Ledger

Ledger

Trial Balance

Trial Balance

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

Five

Five

Six

Six

Four

Four

Three

Three

#5. When the journal is recorded?

When the transaction is completed

When the transaction is completed

When an order is given for purchasing

When an order is given for purchasing

When a document is got from the sources

When a document is got from the sources

When the product is distributed into the market

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.

Bad debt A/C—Dr. and Cash A/C—Cr.

Bank A/C—Dr. and Bad Debt A/C—Cr.

Bank A/C—Dr. and Bad Debt A/C—Cr.

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

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

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

German

German

English

English

Hindi

Hindi

French

French

#8. From which word does the word "Journal" come?

Jaur

Jaur

Jour

Jour

Jur

Jur

Jeur

Jeur

#9. Which statement is correct for Journal?

Journal is the main book of accounts

Journal is the main book of accounts

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

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

Journal is the final book of accounts

Journal is the final book of accounts

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

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

#10. Journal is called-

The main book of accounts

The main book of accounts

The final book of accounts

The final book of accounts

The primary book of accounts

The primary book of accounts

None of the above

None of the above

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

Primary Accounting

Primary Accounting

Analysis of debit and credit

Analysis of debit and credit

Recording Transaction

Recording Transaction

None of the above

None of the above

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

Sales A/C

Sales A/C

Purchase A/C

Purchase A/C

Purchase Return A/C

Purchase Return A/C

Sales Return A/C

Sales Return A/C

#13. How many types of general journals?

Two

Two

Three

Three

Four

Four

Five

Five

#14. How many types of special journals?

Four

Four

Five

Five

Six

Six

Seven

Seven

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

Income Tax A/C--Dr. and Cash A/C—Cr.

Income Tax A/C--Dr. and Cash A/C—Cr.

Owner’s Drawing 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.

Tax A/C—Dr. and Bank A/C—Cr.

Cash A/C—Dr. and Income Tax A/C—Cr.

Cash A/C—Dr. and Income Tax A/C—Cr.

#16. Journal works-

As proof

As proof

To determine the total sum

To determine the total sum

For mathematical accuracy

For mathematical accuracy

To determine the balance of the account

To determine the balance of the account

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

Closing journal

Closing journal

Adjusting journal

Adjusting journal

Reverse journal

Reverse journal

Opening journal

Opening journal

#18. Where is Journal transferred next?

Balance Sheet

Balance Sheet

Trial Balance

Trial Balance

Ledger

Ledger

Worksheet

Worksheet

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

Vat Current A/C

Vat Current A/C

Cash A/C

Cash A/C

Stationary A/C

Stationary A/C

Purchase A/C

Purchase A/C

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

Equipment A/C

Equipment A/C

Old Equipment A/C

Old Equipment A/C

Sales A/C

Sales A/C

Equipment Sales A/C

Equipment Sales A/C

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

To know the transaction information

To know the transaction information

For accounting in the ledger.

For accounting in the ledger.

For the preparation of financial statements

For the preparation of financial statements

For financial statement analysis

For financial statement analysis

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

General Journal

General Journal

Mixed Journal

Mixed Journal

Special Journal

Special Journal

Simple Journal

Simple Journal

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

Trial Balance

Trial Balance

Balance Sheet

Balance Sheet

Journal

Journal

Ledger

Ledger

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

The future is known

The future is known

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

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

The primary book of account

The primary book of account

None of the above

None of the above

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

Furniture A/C

Furniture A/C

Equipment A/C

Equipment A/C

Drawings A/C

Drawings A/C

Advance Insurance Premium A/C

Advance Insurance Premium A/C

Finish

Results

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You can also check:

Top 25 MCQ-

• Introduction to Accounting
• Accounting Transaction
• Account
• Double Entry System
• Accounting Ledger
• Cash Book