Basic Accounting Procedures – Journal Entries Q1. Journal is also called as:A) LedgerB) Book of original entryC) Trial BalanceD) Balance SheetAnswer: B) Book of original entry Q2. Which of the following transactions will be recorded in the journal?A) Opening balanceB) Closing stockC) Depreciation on machineryD) Trial balanceAnswer: C) Depreciation on machinery Q3. Which account is […]
