Quiz on Journal
QUIZ START
#1. …………….. means explanation of the transactions recorded in the Journal.
#2. …………… discount is not recorded in the books of accounts.
#3. Recording of transaction in Journal is called …………
#4. Every Journal entry require ………….
#5. The ………….. column of the Journal is not recorded at the time of journalising.
#6. Goods sold on credit should be debited to ………………
#7. Wages paid for installation of Machinery should be debited to …………
#8. The commission paid to the agent should be debited to ………………
#9. Loan taken from Dena Bank should be credited to …………..
#10. Purchase of animals for cash should be debited to ……………
#11. ……………. discount is allowed in order to recover the amount due in time.
#12. Journal is called a book of ……………. entry.
#13. …………….. discount does not appear in the books of account,
#14. A brief description of the transaction written below each journal entry is known as Narration and its is a ………
#15. Amount invested in the business by its proprietor is known as ………… account and it is a ………… account.
#16. Accounts related to the items of property and assets are known as…………. accounts.
#17. Carriage expenses paid on new machinery should be debited to …………… Account.
#18. Carriage expenses paid on behalf of Mukesh, a customer, should he debited ………… a/c.
#19. Goods withdrawn by the proprietor for his personal use should be debited to ………. A/c.
#20. Travelling expenses of the proprietor and his family paid out of business cash will be credited to ………. A/c and debited to …………….. A/c.
Finish