51. Another name of journal is_____________?

A. Specialized journal
B. Day book
C. Cash book
D. Record book

52. Which of the following specialized journals will record “goods returned by the BUSINESS “?

A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal

53. Sales and purchase journal don’t record__________?

A. Credit sales
B. Credit purchases
C. Credit sales and purchases
D. Cash sales and purchases

54. Cash received from debtor is recorded in which of the following SPECIALIZED journals?

A. Purchase journal
B. Sales journal
C. Cash receipts
D. Cash payments journal

55. Which of the following is a type of cash receipt journal + cash payment journal?

A. Bank statement
B. Statement of cash flow
C. Cash book
D. Cash documents

56. Which of the following account with normal balance is shown at the debit side of a trial balance?

A. Rent income account
B. Creditors account
C. Unearned income account
D. Cash account

57. Which of the following account with normal balance is shown at the credit side of a trial balance?

A. Cash account
B. Bank account
C. Equipment account
D. Accrued expenses account

58. Which of the following specialized journals records “goods returned by customers”?

A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal

59. Sales on credit is recorded in which of the following journal?

A. Purchase journal
B. Sales journal
C. Purchases return journal
D. Sales return journal

60. Transactions that a BUSINESS doesn’t record in any specialised journal are recorded in which of the following journals or day books?

A. Cash payments journal
B. Cash receipts journal
C. Purchases return journal
D. General journal

NOTE
IF YOU THINK ANY OF THE MCQ ABOVE IS WRONG.
PLEASE COMMENT WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION IN COMMENT BOX.
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