Special Journals

Special Journals Quiz

Test your knowledge of special journals and their significance in accounting with our engaging quiz! This quiz covers various aspects of special journals such as sales, purchases, and returns.

Explore concepts like GST, credit sales, and source documents.
Perfect for students and professionals looking to reinforce their accounting skills.

12 Questions3 MinutesCreated by AccountingNinja42

The GST collected in the sales returns journal is

Credit

Debit

The purchase column in the purchase journal must be

Debit

Credit

Which of the below journals shows the company's expenditure

Sales journal

Purchase returns journal

Receipt journal

Payment journal

The sales column in the sales journal must be credit because it is

Assets account

Expense account

Revenue account

Liability account

One of the source documents to prepare the payment journal is cheque

True

False

EFTPOS is a source document to prepare the payment journal

True

False

Account receivable in the purchase journal is credit

True

False

Account payable in the purchase journal is credit

True

False

Sales journal shows the

General sales

Credit sales

Credit sales and service

None of the above

Purchase journal shows the

All purchases recived

All services received

All purchases and services recieved

None of the above

The source documnets to prepare the sales returns journal is

Adj. Note received

Adj. Note issued

A reason to prepare the adj. Note is

Customer want to change the color

Customer do not like the product

Customer want to return the product

Customer received a damaged product

Special Journals

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