Regular practice with AP Inter 1st Year Accounts Study Material Chapter 4 Journal Questions and Answers helps students stay prepared for examinations.
AP Inter 1st Year Accountancy 4th Lesson Journal Questions and Answers
I. Fill in the blanks
Question 1.
……….. is called a ‘Book of Original entry” (or) “Book of primary Entry”
Answer:
A journal
Question 2.
The process of recording the transaction in the Journal is called …….
Answer:
Journalizing
Question 3.
……. is a book in which an accounting transaction is written in accounting terms.
Answer:
A journal
Question 4.
L.F means ……..
Answer:
Ledger Folio
Question 5.
Goodwill is a …… Account
Answer:
Real
Question 6.
Accounts that are not personal are called ……..
Answer:
Impersonal
II. Very Short Answer Type Questions
Question 1.
What is a Journal?
Answer:
The word ’Journal, is derived from the French word ’Journ’ which means a day or daily Therefore journal means a day book where in day-to-day business transactions are recorded in chronological order. This is also known as ’Book of original entry’ or ’Book of primary entry’.
Question 2.
What is Journalising?
Answer:
The process of recording the transaction in the Journal is called “Journalizing”.
Question 3.
What is a Journal Entry?
Answer:
The entry made in the Journal is called “Journal entry”.
Problems
Question 1.
Journalise the following transactions in the books of Mr. Raghu
Answer:
Journal Entries in the books of Mr.Raghu
Question 2.
Answer:
Question 3.
Journalise the following transactions:
Answer:
Question 4.
Pass journal entries In the Books of Bharat
Answer:
Question 5.
Record the following transactions in the Journal of Jaya
Answer:
Question 6.
Mr. Rajesh started his business on 01-07-2024, with a capital of Rs. 5,00,000/- pass journal entries for the following transactions.
Answer:
Question 7.
Journalise the following transactions in the books of Raj
Answer:
Journal Entries in the books of Mr.Rajesh
Question 8.
Pass journal entries for the following transactions
Answer:
Journal Entries in the books of Mr. Rajesh
Question 9.
Journalise the following transactions
Answer:
Journal Entries
