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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is recorded in the date column of a journal entry?
💡 Hint: Think about the order of events.
Question 2
Easy
What does L.F. stand for in a journal entry?
💡 Hint: Consider how we connect entries in different books.
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the first component of a journal entry?
- Particulars
- Date
- Debit
💡 Hint: Remember the sequence of how entries are noted.
Question 2
True or False: The particulars of a journal entry contain only the debit amount.
- True
- False
💡 Hint: Think about the information included in the particulars.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
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.
Question 2
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.
Challenge and get performance evaluation