Quiz 42: Special Journals Quiz

Test your knowledge of mdct.ru with our special journals quiz.

Special journals are used to record similar transactions such as sales on account or cash payments. They are mainly used to provide segregation of duties within a business and to avoid the posting of detailed transactions to the main general ledger.

If you need a refresher course on this topic take a look at our special journals tutorials.

Start the Special Journals Quiz

Click on an answer to reveal whether its Right! or Wrong

1. In which special journal should the following transaction be recorded: Adjustment to prepaid rent at the and of an accounting period?
Wrong
Right!
2. In which special journal should the following transaction be recorded: Cash purchase of equipment?
Right!
Wrong
3. In which special journal should the following transaction be recorded: Purchase of supplies for cash?
Right!
Wrong
4. In which special journal should the following transaction be recorded: Cash collected from credit account customer?
Wrong
Right!

5. In which special journal should the following transaction be recorded: Services are purchased on account?
Wrong
Right!
6. In which special journal should the following transaction be recorded: Sales are invoiced to a customer on account?
Right!
Wrong
7. In which special journal should the following transaction be recorded: Depreciation expense for the accounting period is recorded?
Wrong
Right!
8. In which special journal should the following transaction be recorded: Paid insurance annually in advance?
Right!
Wrong
9. In which special journal should the following transaction be recorded: Adjusted prepaid insurance account at end of accounting period?
Right!
Wrong
10. In which special journal should the following transaction be recorded: Sale to customer for cash?
Right!
Wrong

Try Another mdct.ru Quiz

The special journals quiz is one of many of our online quizzes which can be used to test your knowledge of mdct.ru, discover another at the links below.

Quiz 42: Special Journals Quiz December 14th, 2016Team

You May Also Like


Related pages


present value table annuity dueaging analysis of accounts receivablehow to calculate purchase price variancedouble declining balance method calculatorcalculate profit margin excelcalculate payback period in excelvertical analysis exampleadvantages and disadvantages of zero based budgetingnpv perpetuity formulaeir accountinghow to calculate discount on excelcredit debit ledgerpresent value annuity calculatorvariable expenses formulafuture value in exceldupont analysejournal entry for credit sales with discountexamples of bookkeeping spreadsheetsfifo calculation exampleinventory worksheet template excelledger t accountsbasic principles of double entry bookkeepingunearned credit10 steps of the accounting cycleprojected balance sheet format in excelgoal seek effective interest ratepurchased intangible assetsdepreciation of fixed assets definitiondividend payable on balance sheetconsumable suppliespetty cash ledgerkenexa prove it accounting test answershow to do adjusting entries in accountingpost closing journal entriesaccounts payable templatesold inventory for cash journal entrypartnership accounting journal entriesface value of a bond calculatorcash denomination formatcomputing inventory turnovernrv accountingwhats gross profitaccrual to cash basis conversionmarkup cost calculatorreverse allowance for doubtful accountstimes interest earned ratio meaningexamples of job costing and process costingreceiving cash from an account receivablerecording prepaid expensesgeometric annuityhow to calculate double declining depreciation rateexamples of prepaid expensesperpetual annuity calculatorjournal entries for accounts receivablemcq questions on accountingdepreciation straight line method formulagrowth perpetuitybookkeeping interview questions and answersvariable cost definition in accountingjournal entry for interest expensediscount factor calculation excelcost of goods sold spreadsheetdefine accumulated depreciationdefine notes receivableperiodic vs perpetualthe balance in premium on bonds payableprepayment in balance sheetequation for cogsprice and quantity variance formulamarkup and marginformula liquidity ratiocalculating discount rate in exceldiminishing balance depreciation formulaasset disposal journal entry