Journals are also referred as_____________?

Related Mcqs:

1. Which of the following specialized journals records “goods returned by customers”?

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

2. 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...

3. 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...

4. 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...

5. 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...

6. 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...

7. 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...

8. 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...

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

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