Special Journals in Bookkeeping Quiz
1. The journal used to record all cash received is the ___________ journal.
2. Purchases of merchandise on account are recorded in the ___________ journal.
3. The ___________ journal is used to record all cash payments.
4. Sales of merchandise on account are recorded in the ___________ journal.
5. Transactions that do not fit into any special journal are recorded in the ___________ journal.
6. A ___________ journal is designed to simplify the recording of frequent, similar transactions.
7. When a business makes a sale for cash, it is recorded in the ___________ journal.
8. Receiving a payment from a customer on account is recorded in the ___________ journal.
9. Paying an expense with cash is recorded in the ___________ journal.
10. Buying equipment on credit would typically be recorded in the ___________ journal.
11. The ___________ journal helps reduce the amount of posting to the general ledger.
12. A purchase return of merchandise bought on account would be recorded in the ___________ journal.
13. A sales return and allowance for merchandise sold on account would be recorded in the ___________ journal.
14. Issuing a credit memo for a sales return is usually part of the ___________ journal process.
15. Receiving a debit memo for a purchase return is usually part of the ___________ journal process.
16. The total of the Sales Journal is posted periodically to the ___________ and ___________ accounts.
and
17. The total of the Purchases Journal is posted periodically to the ___________ and ___________ accounts.
and
18. A special journal reduces the number of entries in the ___________ journal.
19. Rent paid in cash is recorded in the ___________ journal.
20. The ___________ journal is also known as the journal of original entry for non-routine transactions.
21. A business that primarily sells services on account would use a ___________ journal, even if it's not merchandise.
22. The ___________ journal is typically used for recording depreciation expense at the end of the accounting period.
23. To track individual customer balances, a business uses a subsidiary ledger called the ___________ ledger, which is supported by the Sales Journal.
24. To track individual vendor balances, a business uses a subsidiary ledger called the ___________ ledger, which is supported by the Purchases Journal.
25. Posting from special journals to subsidiary ledgers typically occurs on a ___________ basis.
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