Journal Entries Test Online - Part 1

Today is also good news for all who have bought our Journal Entries MADE Easy eBook   that we are taking  their journal entries test online - part 1. With this test, they will find their mistakes because we will explain detailed answers why they have given wrong answers. It will help them to encourage further study our ebook because less marks will encourage them to increase more marks in next month test of journal entries test Online. If any student will get higher marks in this test, he or she will encourage to go next level of Our Online online tests.

 Rules of Journal Entries  Online Test

 1. This is self assessment test. So, do not see any reference book, ebook and online or off line video tutorial. It will be like cheating. Don't cheat yourself. It will be big barrier in your growth.

 2. Time of test is just 10 minutes. Write answer on notebook and email me at

 3. Only those students can give test who enrolled by buying  Journal Entries MADE Easy eBook. If you still did not enroll in this course, please enroll first by buying  Journal Entries MADE Easy eBook 

 4. This is second  part test. In future, there will be more tests on journal entries. If you will clear our 20 tests, we will give you certificate of this as reward. Next test will be on the basis of performance of your past tests.

Question : 1. Why do we debit our debtor account when we we pay on the behalf of product's buyer

a. Because it is not our expense but it has increased our current asset.
b. Because our customer is cheater.
c. Because this is not our income, but it has decrease our current asset.
d. Non-of above

Question : 2.  Why do we credit interest on drawing account credit in journal entry?

a. It is not our personal income.
b. It is our business income.
c. It will be given from business to owner of business at the end of business.
d. It is excess amount of suspense account

Question : 3.  Why do we debit the account of interest on loan in journal entry?

a. It is our personal expense
b. It is income of bank.
c. It is penalty of not refunding loan.
d. It is an expense of business

Question : 4. Why do we credit decrease in asset in journal entries?

a. Because all assets have debit balance. If we will credit decrease in asset, we can deduct it in past total balance. So, our correct position of asset can be deducted.

b. there is no logic behind this.

c. Our school teacher has written this as rule.

d. Because it has increased liability.

Question : 5.  Why do we Debit creditor in credit purchase return entry

a. Because we have to take the amount from creditor.
b. Because creditor is the receiver of goods.
c. Because we may forget
d. Because we it has increased our number of creditors.

Related Resource : Accounting Online Tests







access account accountant Accounting accounting definitions accounting ebook Accounting education accounting procedure accounting process outsourcing Accounting Software advance advertising africa Amalgamation amendments announcements Annuity assets audit auditing Australia B.Com. balance sheet bank Bank reconciliation banking basic accounting BBA benefits best bill black money blog bloggers book keeping bookkeeping Branch Accounting - full tutorial budget Budget variance business businessman CA calculator canada capital capital budgeting career cash cash book cash flow statement Chiense children china class coaching coins college commerce commerce students company computer computer accounting conference Contact vinod kumar Control Your Spending corporate accounting cost cost accounting cost center cost centre CPA credit credit card cs currency data Debit and credit debit cards debt debtor degree depletion depreciation Diwali Messages documents dollar domain Downloads Dubai e-accounting earning education Education Loans email employee EPF ERP euromoney examination excel excise duty expenses facebook factor of loan fans feature fifo FII fiji finacle finance Financial financial accounting fire insurance flickr flow forensic forex formula france fraud free fun function fund GAAP GDP gdr germany gold goodwill goodwill accounting google google apps Google Adsense google apps google base google buzz google calendar Google docs google finance google fusion tables google talk govt. GST guide health Hindi Hindi Language history holding company How to treat FBT in Tally 9 HRA ICAI ICAWI ICICI Bank IFRS income income statement Income Tax India indian railway Indonesia inflation inflation accounting infographics information inspiration insurance insurance accounting Intangible interest international Internet Introduction of Tally 9 inventory investment investment in Shares invoice IT Japan Job costing journal entries Journal Entries eBook Help Kalculate keyboard kindle kuwait laptop law LBT learning lease lecture ledger leducation Leverage Analysis liabilities lifo linkedin loan logical point loss loss of profit M.Com. m.phil malaysia management accounting manual accounting manufacturing account market marketing mastercard material MBA MCA media migration mobile money ms word ms. excel multi currency in tally 9 Multicurrency Accounting mutual fund national security new and sacrifice ratio new york times new zealand news NGO nonprofit-accounting North Georgia Mountains NPV NSE odbc office oman online application online accounting Online Accounting Course otcei pakistan parents Partnership pay pal pdf Personal Finance pie chart pie chart of income pnb podcast ppf presentation price privacy policy prize money prof. vinod kumar profit profit and loss account project management provision purchase puzzles quickbooks Quote quotes quotes of svtuition rating agency ratio analysis RBI readers real estate rectification of errors remote control reports reserves responsibility accounting retirement revenue Revenue reserves review risk rupees salary sale saudi arabia saving sbi scholarship school SEBI security service tax share share trading Shares shri lanka singapore sms social accounting society solution South Africa stock stock exchange structure student students study subsidiary company svtuition swiss bank tally tally 9 Tally 7.2 Tally 9 Tally.ERP 9 tanzania tax Tax Accounting TDS teacher teaching technology test testimonial testimonials thailand tips trading trading on equity transaction trend trial balance truthfulness tuition twitter UAE UGC - NET Commerce UK United Arab Emirates university usa valuation VAT Video Voucher and vouching Wealth wikipedia working capital youtube
Accounting Education: Journal Entries Test Online - Part 1
Journal Entries Test Online - Part 1
Accounting Education
Not found any lecture VIEW ALL Continue reading Reply Cancel reply Delete By Home PAGES Lectures View All RECOMMENDED FOR YOU Category ARCHIVE SEARCH ALL Lectures Not found any lecture match with your request, please help to write it and send it to our email at for making this website free accounting and finance encyclopedia. Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock