Journal – MCQs with Answers

The word "Journal" has been derived from the French word "Jour". Jour means day. So Journal means daily. Transactions are recorded daily in journal and hence it has  been named so. It is a book of original entry to record chronologically (i.e. in order of date) and in detail the various transactions of a trader. It is also known "Day Book" because it contains the account of every day's transactions.

 Journal- MCQs with Answers 

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Answers 

1. Book in which the business transactions are recorded first is called:
A) Journal                                                       (B) Ledger
C) Trial Balance                                             (D) Worksheet
2. Books of original entry are called:
A) Ledger book                                              (B) Classified book
C) Trial Balance                                             (D) Journal
3. In Journal there are:
A) Three Columns                                         (B) Four Columns
C) Five Columns                                            (D) Six Columns
4. The process of recording the transactions in the journal is called:
A) Posting                                                       (B) Accounting
C) Bookkeeping                                             (D) Journalizing
5. The complete record of a transaction in the journal is called:
A) Narration                                                  (B) Entry
C) Posting                                                      (D) Journalizing
6. Book in which the business transactions are recorded first is called:
A) Journal                                                       (B) Ledger
C) Trial Balance                                             (D) Worksheet
7. Books of original entry are called:
A) Ledger book                                              (B) Classified book
C) Trial Balance                                             (D) Journal
8. In Journal there are:
A) Three Columns                                         (B) Four Columns
C) Five Columns                                            (D) Six Columns
9. The process of recording the transactions in the journal is called:
A) Posting                                                       (B) Accounting
C) Bookkeeping                                             (D) Journalizing
10. The complete record of a transaction in the journal is called:
A) Narration                                                  (B) Entry
C) Posting                                                      (D) Journalizing

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Answers

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