Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

Related Mcqs:

1. Which of the following specialised journals will record “goods returned by the BUSINESS “?

   A. Purchase journal
   B. Sales journal
   C. Purchases return journal
   D. Sales return journal

2. SALE of old furniture” will be recorded in which of the following specialised journals?

   A. Purchase journal
   B. Sales journal
   C. General journal
   D. Cash receipt journal

3. The process of recording transactions in different journals is called_________?

   A. Posting
   B. Entry making
   C. Adjusting
   D. Journalizing

4. Which of the following is a type of cash receipt journal + cash payment journal?

   A. Bank statement
   B. Statement of cash flow
   C. Cash book
   D. Cash documents

5. Cash received from debtor is recorded in which of the following SPECIALIZED journals?

   A. Purchase journal
   B. Sales journal
   C. Cash receipts
   D. Cash payments journal

6. Cash purchases is recorded in which of the following specialized journals?

   A. Purchase journal
   B. Sales journal
   C. Purchases return journal
   D. Cash payments journal

7. Credit purchase of plant and machinery is recorded in which of the following journals?

   A. General journal
   B. Cash journal
   C. Purchase journal
   D. Purchase return journal

8. Under which of the following situations, is journal entry not passed in the books of the drawer?

   A. When a discounted bill is honoured by the drawee on the due date
   B. When a bill is sent to the bank for collection
   C. When a bill is renewed at the request of the drawee
   D. When a debtor accepts a bill drawn by the drawer

9. Sales on credit is recorded in which of the following journal?

   A. Purchase journal
   B. Sales journal
   C. Purchases return journal
   D. Sales return journal

10. BUSINESS paid rent amounting to $100″ which of the following specialized journals records this transaction?

    A. Cash receipts journal
    B. Cash payments journal
    C. Sales journal
    D. Purchase journal