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Journal Entries Basics Quiz

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Journal Entries Basics Quiz

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About this activity

Test your knowledge of journal entries basics.

Created by

Pavan singh Bisht
Pavan singh Bisht
India

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Journal Entries Basics Quiz
 

Journal Entries Basics QuizOnline version

Test your knowledge of journal entries basics.

by Pavan singh Bisht
1

The date of the transaction is included in the journal entry.

2

A journal entry must have only one debit and one credit.

3

The sum of debits can differ from the sum of credits in a journal entry.

4

A brief narration explains the nature of the transaction.

5

A source document is never needed for a journal entry.

6

The totals of debits and credits must be equal to balance the entry.

7

In a journal entry, accounts are always listed in alphabetical order.

8

A source document (invoice or receipt) supports the transaction.

9

A journal entry records both a debit and a credit for each transaction.

10

An entry can be posted without including an explanation.

 
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