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.
|Pass Mark:||60 Percent|
So let’s get started.
#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?
#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-
#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?
Best of luck for the next time.
You can also check:
Top 25 MCQ-