Journal Entries – Easy 1


  • Journal Entries - Easy 1
  • Quick Multiple Choice Quiz, Test Yourself!
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1. Journal Entry for Cash Withdrawn by Owner is?


A)
B)

Correct!

Oops!

2. Journal Entry for Selling Furniture in Cash is?


A) Furniture A/C (Debit) - To Cash A/C (Credit)
B) Cash A/C (Debit) - To Furniture A/C (Credit)

Correct!

Oops!

3. Journal Entry for Purchasing Machine in Cash is?


A) Machine A/C (Debit) - To Cash A/C (Credit)
B) Purchase A/C (Debit) - To Machine A/C (Credit)

Correct!

Oops!

4. Journal Entry for Depreciation is?


A)
B)

Correct!

Oops!

5. Journal Entry for Accrued Income is?


A)
B)

Correct!

Oops!

A) TRUE
B) FALSE

Correct!

Oops!

7. Paid Salary to Staff via Bank Transfer 1,00,000.


A) Salary A/C (Debit) - To Cash A/C (Credit)
A) Salary A/C (Debit) - To Bank A/C (Credit)

Correct!

Oops!

8. Made Payment to a Debtor (Kumar) via Cheque.


A)
B)

Correct!

Oops!

9. Journal Entry for Introduction of Capital is?


Correct!

Oops!

10. Deposited 10,000 in Bank.


A) Cash A/C (Debit) - To Bank A/C (Credit)
B) Bank A/C (Debit) - To Cash A/C (Credit)

Correct!

Oops!

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Journal Entries – Easy 1

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