Short Questions and Answers-Journal

“30” Short Questions and Answers-Journal

The importance of “Journal” is immense in accounting. The recording of the transaction starts with the journal. Today, I’m going to share “30” Short Questions and Answers-Journal.

If you read it from the beginning to the end, I am sure you’re going to get the basic concept of the journal.

If you practice it on a regular basis, it will certainly improve your accounting skills, which will help you win any accounting competition.

For theory please read this article Accounting Journal-Definition, Features, Rules for Journal Entry

So let’s get started.

Question-01: What is a journal?

Answer: The book in which the detail of the transactions is recorded first analyzing the debit and credit side of a transaction and is written chronologically with an explanation is called a journal.

Question-02: What language does the word “journal” come from?

Answer: French

Question-03: What is the 3rd step of the accounting cycle?

Answer: Journal

Question-04: What is Journal called?

Answer: A journal is called the Primary books, daily books,and subsidiary books of accounts.

Question -05: What is the feature of the journal?

Answer: primary/day/subsidiary books of accounts, Analysis into the dual aspect, Provide narration, recording in equal amounts, a reference to the litigation of disputes, etc.

Question-06: What are the benefits of a journal?


  • Permanent record
  • Determination of heads of accounts
  • Storehouse of information
  • Future reference
  • Maintenance of continuity of transactions
  • Aid to maintain the cleanliness of ledger
  • Aid to litigate disputes, etc.

Question-07: Why is Journal called the book of basic accounts?

Answer: Because if any doubt arises, it can be examined in the journal.

Question-08: Which accounts can be easily separated through the journal?

Answer: Nominal accounts, Personal accounts, and Asset accounts.

Question-09: What is the main purpose of the journal?

Answer: Initial accounting.

Question-10: Journal is divided into how many categories for the convenience of accounting?

Answer: In eight (8) classes,

Question-11: Journal makes it easy to prepare which account?

Answer: Ledger

Question-12: What is the total number of columns in the journal table?

Answer: 5

Question-13: What is a simple journal?

Answer: A journal that has a debit account and a credit account is called a simple journal.

Question-14: What is a mixed journal?

Answer: A journal that has multiple debit accounts and multiple credit accounts is called a mixed journal.

Question-15: Special journals can be divided into how many parts? What are their names?

Answer: Two (2). Special Journal and Proper Journal.

Question-16: What is a Special journal?

Answer: Almost all the transactions that takes place in business are recorded in special journal.

Question-17: Special journals can be divided into how many parts? What are their Names?

Answer: Six (6). Purchase Journal, Sales Journal, Purchase Return Journal, Sales Return Journal, cash Receipt Journal and Cash Payment Journal.

Question- 18: What is the purchase Journal?

Answer: All the goods purchased on credit for business are recorded in the purchase journal.

Question-19: what is a sales journal?

Answer: All the credit goods sales of a business are recorded in the sales journal.

Question-20: What is Purchase return Journal?

Answer: Goods purchased on credit but returned are recorded in the purchase return journal.

Question-21: What is the sales return journal?

Answer: Goods sold on credit but returned are recorded in the sales return journal.

Question-22: What is the cash receipt Journal?

Answer: The transactions that include cash receipts are recorded in the cash receipt journal.

Question-23: What is Cash Payment Journal?

Answer: The transactions that include cash payments are recorded in cash payment journal.

Question-24: What is Proper Journal?

Answer: The transactions which are not included in a special journal are included in the proper Journal.

Question-25: The Proper journal can be divided into how many parts? What are their names?

Answer: Four (4). Rectification Journal, Adjusting Journal, Closing Journal, and Opening Journal.

Question-26: What is Rectification Journal?

Answer: The entry which is given for the rectification of error on recording transactions is known as Rectification Journal.

Question-27: What is the adjusting Journal?

Answer: The entry which is given for the unrecorded and unadjusted items is known as the adjusting Journal.

Question-28: What is closing Journal?

Answer: The entry which is given for the closing of nominal accounts (Income and expenses) is known as closing Journal.

Question-29: What is opening Journal?

Answer: The entry which is given for carrying out the last year’s assets, liabilities, and owner’s equity to the beginning of the next year is known as opening Journal.

Question-30: what is known from the journal?

Answer: Total number of transaction, total number of money, and reason of transaction.

I hope, at the end of the article you have a basic idea about the journal. Practice these “30” Short Questions and Answers-Journal on a regular basis.

Don’t forget to comment us if you like it or want to know more.

You can also read:

Short Questions and Answers:

  1. Introduction to Accounting
  2. Transaction
  3. Account
  4. Double Entry System
  5. Accounting Cycle
  6. Ledger
  7. Cash Book
  8. Bank Reconciliation Statement
  9. Trial Balance
  10. Financial Statements
  11. Receivables
  12. Accounting Principles
  13. Plant Assets and Depreciation

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