What is the primary purpose of a special journal in accounting?

Pretest Jurnal Khusus& Buku Pembantu dagang Kelas XI

Quiz
•
Education
•
11th Grade
•
Hard
KELAS BU ANISYA BISNIS DIGITAL
FREE Resource
10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To calculate tax liabilities for the year.
To summarize all financial statements.
To systematically record specific types of transactions.
To prepare the annual budget for the company.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a type of special journal?
Cash receipts journal
General journal
Purchases journal
Sales journal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the accounts receivable subsidiary ledger assist in managing customer accounts?
The accounts receivable subsidiary ledger assists in managing customer accounts by providing detailed transaction records for each customer, enabling effective tracking of payments and outstanding balances.
It tracks employee performance metrics.
It provides a summary of all company expenses.
It helps in calculating total sales for the month.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of recording a sale on credit in the special journal?
It increases accounts receivable and recognizes revenue.
It increases cash and decreases inventory.
It decreases accounts payable and defers revenue.
It has no effect on the financial statements.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which transaction would be recorded in the accounts payable subsidiary ledger?
Payment of a previous invoice to a supplier.
Purchase of equipment with cash payment.
Sale of goods for cash to a customer.
Purchase of inventory on credit from a supplier.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main difference between a special journal and a general journal?
Special journals are used for all transactions, while general journals are for specific types.
General journals are more detailed than special journals.
Special journals are only for cash transactions.
The main difference is that special journals are for specific transaction types, while general journals are for all other transactions.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does the use of special journals improve the efficiency of accounting processes?
Special journals complicate data entry and increase errors.
They eliminate the need for any data entry.
Special journals improve efficiency by streamlining data entry and reducing errors.
Special journals are only useful for large businesses.
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