JOURNAL

JOURNAL

11th Grade

15 Qs

quiz-placeholder

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JOURNAL

JOURNAL

Assessment

Quiz

Education

11th Grade

Practice Problem

Hard

Created by

ishika chandna

Used 880+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Journal is called a book of

(a) primary entry

(b) secondary entry

(c) final entry

(d) none of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business transactions are recorded

(a) in chronological order

(b) weekly

(c) at the end of the month

(d) all of these

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A compound journal entry

(a) has equal debits and credits

(b) generally extends to several pages

(c) does not require narration

(d) all of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following accounts will be credited on giving cash donation ?

(a) Cash A/c

(b) Donation A/c

(c) Purchases A/c

(d) None of these

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sale of goods to Ram for cash is debited to

(a) Ram

(b) Cash

(c) Sales

(d) None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A withdrawal of cash from business by the proprietor is credited to

(a) Drawings A/c

(b) Capital A/c

(c) Cash A/c

(d) None of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

First computers purchased computers from HCL Ltd. and availed both trade discount and cash discount. The transactions recorded in the books of account will be for :

(a) Net invoice value and cash discount

(b) Trade discount , gross invoice value and cash discount

(c) none of the above

(d) any of (a) and (b)

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