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Dec 20, 2023 · Journal Entry Questions and Solutions Example 1. Pass the necessary journal entries related to the 'Opening Entry'. (a) On 1st April 2023, Ram started a business with cash …

Jan 8, 2022 · The journal book must record every business transaction, which means entries need to be made. In accounting lingo, this is called a journal entry. We will provide you with 20 …

Basic Accounting Journal Entries Exercise. by Fatima (Philippines) Before you begin: For purposes of testing and exams it's important to make sure you not only answer exercises …

Click the “Check Your Answer” box below each problem to reveal the correct answer and explanation.

Note – Please take our quiz ‘Quiz 4 – Journal Entries – Beginner’ on this page before going through the below answers. Only the top 3% of our audience score 10/10 in all of them. Name …

Mar 26, 2016 · Practice questions. What is the journal entry to record a collection of $2,000 of outstanding accounts receivables? A company recorded a debit to an asset account for $1,000 …

Journal Entries and Ledger Question and Answer. Before you begin: For purposes of testing and exams it's important to make sure you not only answer questions and exercises correctly but …

Jan 22, 2024 · Let’s understand journal entry questions with answers. We will begin with basic journal entries. Journal Entry Questions 1. Cash Purchase. A cash purchase in accounting is …

List of 50 Accounting journal entries questions and answers for 11th, 12th class students for exam preparation

Basic Accounting Transactions and Journal Entries Quiz. Test your knowledge with 17 questions covering liabilities, accounting equations, financial statements, and more.

Journal Entry Question and Answer Before you begin: It's important for testing and exams to make sure you not only answer questions correctly but also complete them at the right speed. …

Different Journal Entry MCQs are here, multiple-choice questions based on golden rules of debit and credit, and format of journal entry...

Jan 16, 2024 · I've put together a question pack covering Journal Entries. It contains 20 practice questions and answers. You can download it here if you want to test yourself.

4 days ago · Journal Entry Examples . Here are a few practical accounting journal entry examples of journal entries to make you understand how they work in accounting: Purchasing Office …