General journal – MCQs

Your answer is incorrect. The correct answer is “Journalizing” (option 3).

Your answer is incorrect. The correct answer is “Book of original entry” (option 1).

Your answer is incorrect. The correct answer is “compound entry” (option 2).

Your answer is incorrect. The correct answer is “narration” (option 3).

Your answer is incorrect. The correct answer is “trade discount” (option 4).

Your answer is incorrect. The correct answer is “Journal” (option 4).

Your answer is incorrect. The correct answer is “John debit; purchases return and allowances credit” (option 3).

Your answer is incorrect. The correct answer is “Posting reference” (option 2).

Your answer is incorrect. The correct answer is “Loss by theft account” (option 3).

Your answer is incorrect. The correct answer is “loss of goods by fire account” (option 3).

Your answer is incorrect. The correct answer is “drawings > debit; cash > credit; purchases > credit” (option 1).

Your answer is incorrect. The correct answer is “all of the above” (option 4).

Your answer is incorrect. The correct answer is “cash discount” (option 4).

Your answer is incorrect. The correct answer is “an expense of the business” (option 2).

Your answer is incorrect. The correct answer is “an income” (option 4).

Your answer is incorrect. The correct answer is “capital” (option 4).

Your answer is incorrect. The correct answer is ” sales return and allowances” (option 3).

Your answer is incorrect. The correct answer is “purchases > debit; accounts payable > credit” (option 2).

Your answer is incorrect. The correct answer is “all of the above” (option 4).

Your answer is incorrect. The correct answer is “accounts receivable > debit; sales > credit” (option 4).