Journal

The detail of a transaction is recorded first in:

Transactions are written in a journal:

The journal is called the:

Keeping of journal is:

The journal acts as a helping book for the:

Recording transactions in journal reduces the chance of:

Through a journal, the application of which system can be confirmed?

Journal provides information about:

The journal is called the:

What can be confirmed through a journal?

Journal helps reduce errors and faults if recorded:

Journal can be used as proof or evidence in:

Journal helps in preparing the principal book by making it:

In the Date column of journal, the year, month, and day are mentioned:

In the Particulars column, the debit party is recorded:

The Reference column (Ledger Folio) records:

After recording each transaction, what is drawn at the description column?

Total debit and total credit columns of journal must always be:

Journals are broadly classified into:

Goods purchased on credit are recorded in:

Goods sold on credit are recorded in:

Goods purchased on credit but returned are recorded in:

Goods sold on credit but returned are recorded in:

Cash receipt transactions including cash sales are recorded in:

Cash payment transactions including cash purchases are recorded in:

Which is recorded in the journal proper?

Which one is recorded in the purchase journal?

Which one is the source document for the sales return journal?

Source document for purchase return journal is:

Source document for both purchase journal and sales journal is:

No accounts will be opened under the names:

Goods sold for cash — entry is:

Cheque issued for goods purchase — entry is:

Purchase from Hasan Traders (no cash mentioned) — entry is:

Goods sold to Khaled for cash — entry is:

Goods purchased on credit (no name) — credit account is:

Goods sold on account (no name) — debit account is:

Returns inward (sales return) — entry is:

Goods returned to supplier (purchased earlier on credit) — entry is:

Purchase of new furniture in cash — debit account name is:

Sale of old machine for cash — entry is:

Salaries paid to employee Jamil — entry is:

Stationery purchased on credit from Moni Stationeries — entry is:

Commission receivable from Topu Traders — entry is:

Goods used personally, distributed freely, stolen, destroyed — Purchase account is:

Withdrawn from bank for owner means:

Withdrawn from bank for business — entry is:

Money stolen from cash box — entry is:

Goods destroyed by fire — entry is:

Interest allowed by bank — entry is:

Bank charged for expenses — entry is:

Depreciation charged on furniture — credit account is:

Cheque received from Rajib for goods sold (deposited immediately) — entry is:

Salary of employee paid by owner personally — entry is:

Owner's shopping expense paid from business — entry is:

Tk.9,000 paid in full settlement of Tk.10,000 to creditors — discount received is:

Tk.6,500 received from debtors in full settlement of Tk.7,000 — discount allowed is:

Employee Shakil's salary is unpaid. Correct entry:

For purchase of which item will the "Office Equipment Account" be debited?

The transactions not recorded in special journal go to:

Furniture purchase Tk.10,000 wrongly recorded as purchase. The entry to fix is called:

Rectifying journal: Furniture wrongly debited as Purchase. Correct entry:

Entries given to record unadjusted items at year-end (accrued, prepaid, depreciation) are:

In 2025, rent paid Tk.10,000 with prepaid rent Tk.2,000 included. Adjusting entry:

Through which entry are income and expense accounts closed?

To close revenue account (Sales) — entry is:

To close expense accounts (Purchase, Salaries, Rent) — entry is:

Drawings account is closed by:

Assets, liabilities, owner's equity of last year brought to next year through:

In opening journal entry, assets are:

In opening journal entry, liabilities and capital are:

The two main types of discount are:

Discount given when seller sells at a price lower than predetermined selling price is:

Trade discount is:

Discount given by seller to buyer to settle dues quickly is:

Cash discount is:

For seller, cash discount is:

For buyer, cash discount is:

Sales terms "2/10, Net 30" means:

Purchase Journal records:

Purchase Journal is prepared based on:

In Purchase Journal, the column heading is "Purchase Debit" and:

Carriage, packing, insurance included in invoice are:

Sales Journal records:

Sales Journal is prepared based on:

In Sales Journal, the column heading is "Accounts Receivable Debit" and:

Purchase Return Journal records:

Buyer sends which document to seller for purchase returns?

Purchase Return Journal column structure:

Sales Return Journal records:

Seller sends which document to buyer for sales returns?

Sales Return Journal column structure:

The opening capital of Sabina Enterprise is:

In which primary book will the October 5 transaction be recorded?

The correct journal entry for October 10 transaction is:

The source document for the October 15 transaction is:

Mr. Showkat: started with cash Tk.50,000 and goods Tk.20,000. Capital is:

Showkat: purchased goods Tk.15,000 from Babul Traders at 10% discount. Net amount in journal:

Showkat: paid office rent in advance Tk.4,000. Debit account is:

Showkat: paid personal expenses from business Tk.2,000. Entry:

Showkat: salary of Raihan unpaid Tk.3,500. Entry:

Kumar Theatre: Tk.5,00,000 invested as capital — entry is:

Kumar Theatre: 3 months rent Tk.90,000 paid in advance — debit is:

Kumar Theatre: tickets sold Tk.80,000 — entry is:

Kumar Theatre: electricity bill due Tk.3,000 — entry is:

Nila Enterprise: bad debts written off Tk.1,000 — entry is:

Nila Enterprise: created allowance for bad debts Tk.2,000 — entry is:

Afroza Fashion: purchased 500 pants at Tk.1,300 each with 5% trade discount. Net invoice value (excluding transport):

Afroza Fashion: returned 100 pants out of 500 (at net rate Tk.1,235). Returned goods value:

Afroza Fashion: 200 shirts at Tk.1,400 each with 10% discount. Net invoice value:

Bahauddin & Sons May 3: sold goods Tk.10,000 with 5% discount. Net sales (before carriage):

Bahauddin May 3: 5% discount on Tk.10,000 plus 5% discount on Tk.9,000 (May 10). Total trade discount on sales:

Chowdhury Hardware: started with cash Tk.2,50,000 and furniture Tk.65,000. Opening capital:

Chowdhury Hardware: 250 ft of GI pipe at Tk.192/ft with 5% discount. Sales value (before packing):

Chowdhury Hardware: paid Tk.1,500 transportation cost for almirah purchased for business. Debit account:

Chowdhury Hardware: withdrew goods Tk.800 for personal use — entry:

Khan Computers: 8 computers at Tk.36,000 with 6% trade discount. Net invoice (excluding transport):

Khan Computers: 6 computers at Tk.40,000 with 5% trade discount. Net invoice (excluding packing):

Niharika Pharmacy July 5: returned 20 cartons at Tk.500 each with 10% discount. Net return value:

Niharika Pharmacy July 1: paid Tk.30,000 for new trade license fee. Classification (since one-time fee for business benefit):

Niharika Pharmacy July 10: purchased computer Tk.40,000 for business — debit is:

Niharika Pharmacy July 20: returned 500 bags of saline at Tk.120 with 5% trade discount. Net return value:

M/s Alpha Traders opening: Cash 40,000, Furniture 1,00,000, Investments 50,000, Creditors 10,000, Capital 1,80,000. Total assets in opening entry:

M/s Alpha Traders: salary paid Tk.1,20,000 of which Tk.20,000 advance. Adjusting entry:

M/s Alpha Traders: rent paid Tk.50,000, outstanding Tk.10,000. Adjusting entry:

M/s Alpha Traders: interest receivable on investment Tk.5,000. Adjusting entry:

M/s Alpha Traders: depreciation on furniture Tk.10,000. Adjusting entry:

Mr. Sachin: cheque received from A/R Tk.8,000 deposited immediately — entry:

Mr. Sachin: took loan from Maruf Tk.20,000 — entry:

Mr. Sachin: paid A/P Tk.6,500 by cheque, received discount Tk.500 (settlement of Tk.7,000) — entry: