Sign In

For the sake of quality, our forum is currently "Restricted" to invitation-only. In case if you wish to join our forum, please send an email seeking an invitation to "Contact@Accountingcapital.com".

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Captcha Click on image to update the captcha.

You must login to ask question.

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 Journal Entry for Cash Withdrawn by Owner is?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)

Sponsored Accounting Books & eBooks

Recommended eLearning Courses & Tutorials

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...