The process of recording transactions in different journals is called_________?

Related Mcqs:

1. Debit note is the basis for recording a transaction in which of the following journals?

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

2. Credit note is the basis for recording a transaction in which of the following SPECIALIZED journals?

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

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

   A. Cash payments journal
   B. Cash receipts journal
   C. Purchases return journal
   D. General journal

4. The process of recording is done?

   A. Two times a year
   B. once a year
   C. Frequently during the accounting period
   D. At the end of a accounting period

5. 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

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. Specialized journals are more adequate for which TYPE OF BUSINESSES?

   A. Small businesses
   B. Big businesses
   C. Sole proprietorship
   D. Partnership

9. 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

10. Journals are also referred as_____________?

    A. Book of entries
    B. Book of original entries
    C. T account
    D. Books of economic event