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

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

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