Practice - Journal
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Practice Questions
Test your understanding with targeted questions
What is the primary function of a journal in accounting?
💡 Hint: Think about the first place where transactions are logged.
What do we call each record in a journal?
💡 Hint: It's a common term used in accounting.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is the purpose of a journal in accounting?
💡 Hint: Think about its role in the accounting process.
True or False: Each journal entry involves only one account.
💡 Hint: Remember the structure of double-entry bookkeeping.
1 more question available
Challenge Problems
Push your limits with advanced challenges
You have received payment of ₹15,000 for a service provided and incurred ₹2,500 in expenses related to that service. Create the journal entries for these transactions.
💡 Hint: You'll need to account for income and expenses separately.
Prepare a journal entry for a transaction where inventory worth ₹5,000 is purchased on credit.
💡 Hint: Remember to record both parts of the transaction.
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