WorksheetsSpecial Journals
Total questions: 10
Worksheet time: 3mins
Special journals are books of ______________ that record specific transactions.
Original entries
Secondary entries
Final entries
None of the above
All of the choices below are examples of transactions that are recorded in the general journal, except:
Original investments of the owner
Closing and reversing entries
Owner’s withdrawal in cash
Adjusting and correcting journal entries
Sale of merchandise on an account is recorded in Cash Receipts Journal.
True
False
There can be division of labor when special journals are used.
True
False
At the end of each month, entries in the Special Journals are totaled while the entries in the General Journals are not.
True
False
What is the corresponding journal entry of the transaction?
Purchased merchandise on account costing Php 10,000 from Indian Palace. Term: 2/10, N/30.
Debit: Accounts Receivable, Credit: Sales
Debit: Purchases, Credit: Accounts Payable
Debit: Accounts Payable, Credit: Purchases
Debit: Accounts Payable, Credit: Purchase Discount
The pro-forma journal entry of a _______________ is:
Dr. Purchases xx
Cr. Accounts Payable xx
Sales Journal
Cash Receipts Journal
Cash Disbursements Journal
Purchases Journal
The pro-forma journal entry of a _______________ is:
Dr. Accounts Receivable xx
Cr. Sales xx
Sales Journal
Cash Receipts Journal
Cash Disbursements Journal
Purchases Journal
When special journals are used, which of the following is true?
A general journal is used.
All sales receipts should be recorded in the cash receipts journal.
All cash receipts should be recorded in the cash receipts journal.
All purchase transactions should be recorded in the purchase journal.
When special journals are used, adjusting and closing entries are generally recorded in the
Cash Disbursements Journal
Cash Receipts Journal
General Journal
Purchases Journal
