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Title : Journal Entries Test Online - Part 3
link : Journal Entries Test Online - Part 3
Journal Entries Test Online - Part 3
Journal Entries Test Online - Part 3Journal Entries Test Online - Part 3 - Hello Friend Accounting Methods, In the article you read this time with the title Journal Entries Test Online - Part 3, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article journal entries, Article test, We write this you can understand. Alright, good read.
Title : Journal Entries Test Online - Part 3
link : Journal Entries Test Online - Part 3
Journal Entries Test Online - Part 3
If you bring sad emotions because you do not know the voucher entries, it means, you are not really sad. It is just your mistake. If you study the journal entries ebook, if you give the test, it will increase your confidence. It will help you to pass all type of voucher entries. It will help you to live all time happiness in your profession.
If you do not know, how to pass the journal entries in accounting, first learn it from our eBook Journal Entries MADE Easy and after this, we will check your answers and improve your mistakes if you will do.
We welcome to third part of "Journal Entries Test Online - Part 3 " Give test and increase your brain.
Question : 1 Is there any difference in passing of journal entry of buying stock or buying any fixed asset?
a) Yes
b) No
c) Yes, if there is big investment in buying of fixed asset.
d) No, if there is big investment in buying of fixed asset.
Question : 2 Why will rent payment debit in journal entry?
a) For remembering it
b) It is expense
c) It is decrease of capital
d) Above all
Question : 3. Why does any income credit in journal entry
a) Because with this, our invested capital value will decrease
b) Because this, our invested capital value will increase
c) Because this, our confidence will increase
d) Because this, our confidence will decrease
Question : 4. Why does bank passbook show our balance as credit balance
a) Because it is the fund of customer and so, its fund is also increase in its total asset.
b) Because it is the fund of customer and so, its fund is also decrease in its total liabilities.
c) It is asset of bank
d) It is liability of bank.
Question : 5. Employee has withdraw stock Rs. 25000 for personal use, its entry will pass
a) Salary account Dr.25000
Stock Account Cr. 25000
b) Stock account Dr. 25000
Cash account Cr. 25000
c) Drawing Account Dr. 25000
Stock Account Cr. 25000
d) Salary Account Dr. 25000
Drawing Account Cr. 25000
Thus Article Journal Entries Test Online - Part 3
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