Special Journal Q&A

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 26, 2023

Test your understanding of the special journal by answering the 9 short questions given below. We recommend that you attempt to answer each question yourself before revealing the answers.

If you find any of these questions challenging, check out our article covering the special journal to learn everything you need to know.

1. What is a purchase book?

2. What is a sales book?

3. What is a purchase returns or returns outwards book?

4. What is a sales returns or returns inwards book?

5. What is the bills receivable journal?

6. What is the bills payable book?

7. What is the general journal?

8. What is a debit note?

9. What is a credit note?

Special Journal Q&A FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.