Practice - Format of a Journal
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What is recorded in the date column of a journal entry?
💡 Hint: Think about the order of events.
What does L.F. stand for in a journal entry?
💡 Hint: Consider how we connect entries in different books.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the first component of a journal entry?
💡 Hint: Remember the sequence of how entries are noted.
True or False: The particulars of a journal entry contain only the debit amount.
💡 Hint: Think about the information included in the particulars.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Record the following transactions in journal entry format: 1. Received cash of ₹5,000 from a customer for services rendered. 2. Purchased supplies on credit for ₹1,500.
💡 Hint: Follow the rules of debit and credit for each scenario.
A company's accountant mistakenly entered a transaction as ₹8,000 instead of ₹800. How can they correct this error with proper journal entries?
💡 Hint: Reflect on how to cancel out the error before recording the new amount.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.