Journal entries questions and answers pdf

Junior Accountant Interview Questions. Junior accountants perform basic accounting and financial tasks under supervision of senior accountants. A degree in accounting is essential. Since it’s an entry-level position, they typically won’t have more than five years of experience.

Test your learning about ‘Adjusting entries’ chapter by answering 10 short questions given below. We suggest you try to answer each question yourself before clicking on the ‘see answer’ button. If you find difficulty in answering these questions, read ‘Adjusting entries‘ chapter thoroughly from explanation section of the website. Related posts: Adjusting Entries Definition ... Chapter 5 Preparation of Final Accounts with Adjustments

The recorded transaction in a journal book is called Journal entry. Rules for recording journals ,we have learned in our early lesson Types of accounts . Let’s do the recording of transactions in to journal books. assume that all transactions are happened from 01.01.2009 to 16.01.2009 one transaction per day Dec 26, 2017 · We know that there are 6 types of Accounting Vouchers in tally For every entry we have to think which type of entry Assignment/Examples Pass the following entries in Tally Journal Entries and Comprehension Questions . Journal – Pre-Reading Have you ever been treated unfairly by a teacher (or parent ... what’s the answer? Journal Entries and Ledger Question and Answer. Q: Mr Robert commenced business on 1st January, 2011 with a capital of $100,000 in cash. On the same date he opened the bank account in ADCB and deposited $20,000.

Journal the following transaction in the books of Mr. X for the month of January 2013 Jan-1 X having no capital of his own started business with Rs. 10000 borrows from his friend Mr. R @12% p.a Jan-2 Purchased goods worth Rs. 6000 less 20% trade discount and 5% cash discount. l classify journal into Special Journals and Journal Proper. 5.1 JOURNAL : MEANING AND FORMAT Journal is a book of accounts in which all day to day business transactions are recorded in a chronological order i.e. in the order of their occurence. Transactions when recorded in a Journal are known as entries. It is the book Dec 26, 2017 · We know that there are 6 types of Accounting Vouchers in tally For every entry we have to think which type of entry Assignment/Examples Pass the following entries in Tally Download PDF. Add New Question ... questions and answers on any General Ledger Interview Question or answer. ... this is use full to enter additional entries Audit ... Q49. Review questions 4 (1) Entity A issued $800,000 bonds at a discount and received $780,000 in cash. (2) Entity … More