Journal Entries – Easy 1


  • Journal Entries - Easy 1
  • Quick Multiple Choice Quiz, Test Yourself!
  • Refresh Your Basics in Accounting.
  • Only the Top 10% are able to Score More than 7
  • Click & See if You're Among Top 10% of our Visitors.

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 Journal Entry for Cash Withdrawn by Owner is?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!

6. Below Journal Entry is for a Credit Sale?



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!

Share the quiz to show your results !

Subscribe to see your results

Ignore & go to results

Journal Entries – Easy 1

I got %%score%% of %%total%% right

%%description%%

%%description%%

Loading...

 



 

Most Viewed Articles