Special Journal

Q.

Transactions that a business doesn`t record in any of the special journals are recorded in which of the following journals/ day books?

1. Cash Payments Journal

2. Cash Receipts Journal

3. Purchase Return Journal

4. Journal Proper

Q.

Specialized Journals are more adequate for which type of business?

1. Small Businesses

2. Partnership

3. Big Businesses

4. Sole Proprietorship

Q. Which of the following is not a book of prime or original entry?

1. Purchase Journal
2. Sales Journal
3. Debtor`s Account
4. Cash book

Q.

Which of the following books does not record the movement of inventory?

1. Purchase Journal

2. Sales Journal

3. General Journal

4. Purchase Return Journal

Q.

Sale of old furniture on credit shall be recorded in which of the following specialized journals?

1. Sales Journal

2. Purchase Journal

3. General Journal

4. Sales Return Journal

Q.

Which of the following is incorrect with regards to special journals?

1. A special journal records cash transactions only

2. It’s a place where similar transactions can be recorded and organized, so bookkeepers and accountants can keep track of different business activities.

3. Special journals are designed as a simple way to record the most frequently occurring transactions.

4. A special journal is any accounting journal in the general journal that is used to record and post transactions of similar types.

Q.

Credit purchases of Plant & Machinery is recorded in which of the following specialized journals?

1. Journal Proper

2. Purchase Journal

3. Purchase Return Journal

4. Cash Receipts Journal