subject

Journal Entries

Commerce ⇒ Accountancy

Journal Entries starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Journal Entries. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.
See sample questions for grade 11
A business owner withdrew ₹1,000 cash for personal use. What is the journal entry?
A business paid ₹1,200 for electricity charges. What is the journal entry?
A business paid ₹2,000 as rent. What is the journal entry?
A business paid ₹500 as carriage inward. What is the journal entry?
A business owner withdrew ₹1,000 cash for personal use. What is the journal entry?
A business paid ₹1,200 for electricity charges. What is the journal entry?
A business paid ₹2,000 as rent. What is the journal entry?
A business paid ₹500 as carriage inward. What is the journal entry?
Which of the following is a nominal account? (1) Building Account (2) Salary Account (3) Debtors Account (4) Bank Account
Which of the following is a real account? (1) Capital Account (2) Machinery Account (3) Rent Account (4) Commission Received Account
Which of the following is NOT a feature of a journal? (1) Chronological record (2) Book of original entry (3) Contains trial balance (4) Includes narration
Which of the following is NOT a part of a standard journal entry? (1) Date (2) Ledger Folio (3) Debit and Credit Amounts (4) Invoice Number
Fill in the blank: The ________ column in the journal is used to record the page number of the ledger where the entry is posted.
Fill in the blank: The ________ is the book of original entry in accounting.
Fill in the blank: The act of recording a transaction in the journal is called ________.
Fill in the blank: The double-entry system of accounting is based on the principle that every debit has a corresponding ________.
True or False: In a journal entry, the total of debit amounts must always equal the total of credit amounts.
True or False: Journal entries are always recorded in chronological order.
True or False: Narration is compulsory for every journal entry.
True or False: The journal entry for purchase of goods on credit increases the liability of the business.