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General Journal

Authored by Ummi Tahir

Other

Professional Development

Used 13+ times

General Journal
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20 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The double entry rules for General Journal - every transactions affects only one account.

True

False

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The double entry rules for General Journal - at least one debit and one credit,

True

False

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The double entry rules for General Journal - total debit will not be equal to the total credit.

True

False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The double entry rules for General Journal - the particulars in the account refer to the amount of the account where the entry is recorded.

True

False

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Rules of General Journal of an Assets Account-

Increases (+) on Debit side, Decreases (-) on Credit side

True

False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Rules of General Journal of an Expenses Account-

Decreases (-) on Debit side, Increases (+) on Credit side

True

False

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Rules of General Journal of Owner’s Equity Account-

Increases (+) on Debit side, Decreases (-) on Credit side

True

False

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