Journal Book Is Used To Mcq

A general journal b trial balance c general ledger d worksheet.

Journal book is used to mcq. The diagram below refers to item 8. Numbers 4 and 8 in the diagram represents a prepare a cheque and extract a trial balance b extract a trial balance and prepare final reports. Most often these sales are made up of inventory sales or other merchandise sales.

If you find difficulty in answering these questions read general ledger chapter thoroughly from explanation section of the website. 17 comments on. Journal book is used to.

Dto records all the non cash transactions only. Crecords all sales and purchases transections. Take a quick multiple choice questions mcqs test about general ledger.

Thus besides the traditional select the single best response type of. When a liability is reduced or decreased it is recorded on the. Petty cash book a i and ii b i and iii c ii and iii d iii and iv 5.

Journal is the first successful step of the double entry system. So journal is called the book of original entry. Find answers to the accounting questions at the bottom of the page.

Journal book is used to. One of the detailed rules used to record business transaction is a objectivity b accruals c double entry book keeping d going concern 8. Book of account where transaction related to a particular person or thing are recorded.