Journal Quiz 1 – Punjab Meritorious School Preparation Portal

Welcome to your 16th Aug Journal Quiz 1 CBT TEST

Fill the Details mentioned below and Attempt the Test.

Name

School Name with City

Phone Number

Anil purchased 1,000 Add Gel Roller Pens @ ₹ 50 each less Trade Discount 20% Purchase Account will be debited by

₹ 50,000.

₹ 40,000

₹ 45,000.

₹ 60,000.

Which of the following accounts will be credited on giving cash donation?

Cash A/c.

Donation A/c.

Purchases A/c.

Discount Received A/c.

Withdrawal of cash from business by the proprietor is credited to

Drawings A/c

Capital A/c

Cash A/c

Bank A/c

Recording of transaction in a Journal is called

Posting.

Journalising

Transfer

Ruling.

A sole trader took goods costing ₹ 1,000 from stock from his own use. The normal selling price of the goods is ₹ 1,500.

Which of the following Journal entries would correctly record this?

Dr. Drawings A/c and Cr. Purchases A/c by ₹ 1,000.

Dr. Drawings A/c and Cr. Sales A/c by ₹ 1,500.

Dr. Drawings A/c and Cr. Purchases A/c by ₹ 1,500

Dr. Sales A/c and Cr Drawings A/c by ₹ 1,000.

Business transactions are recorded

in chronological order.

weekly.

at the end of the month.

All of these.

Sale of goods to Ram for cash is debited to

Ram.

Cash A/c.

Sales A/c.

Stock A/c.

Bad Debts earlier written off and now received are credited to

Bad Debts A/c.

Bad Debts Recovered A/c.

Miscellaneous Income A/c.

Debtors A/c.

Which of the following is correct entry to record cash purchase of ₹ 3,000 from Amar?

Dr. Purchases A/c and Cr. Amar by 3,000.

Dr. Amar and Cr. Purchases A/c by 3,000.

Dr. Cash A/c and Cr. Purchase A/c by 3,000.

Dr. Purchases A/c and Cr. Cash A/c by 3,000.

Journal is called

a book of primary entry.

a book of secondary entry.

a book of final entry.

both secondary entry and final entry.

Please fill in the comment box below.

Time is Up!

Time's up