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.
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
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
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