Journal & Ledger
JKSSB Finance Accounts Assistant · Accountancy & Book-Keeping · 23 practice questions with answers and explanations: 7 Easy, 12 Medium, 4 Hard.
Sample questions
Sample Easy question 1
What is the 'journal' in accounting?
- The book of original entry
- The final financial statement
- A type of bank account
- A tax return form
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Answer: A. The journal is where transactions are first recorded, in chronological order.
Sample Medium question 2
Which subsidiary book records only credit sales of goods?
- Sales book
- Purchases book
- Cash book
- Petty cash book
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Answer: A. The sales book records credit sales of goods.
Sample Hard question 3
When a transaction affects more than two accounts and is recorded in a single journal entry, it is called a:
- Simple journal entry
- Compound journal entry
- Contra entry
- Adjusting entry only
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Answer: B. A compound journal entry involves more than one debit and/or credit account in a single journal entry, used when a transaction affects multiple accounts simultaneously.
More Accountancy & Book-Keeping topics for JKSSB Finance Accounts Assistant
- Bank Reconciliation
- Banking Awareness
- Basic Accounting Concepts
- Cost Accounting & Budgetary Control
- Depreciation
- Financial Statements
- Government Accounting & Budgeting
- GST & Taxation Basics
- Partnership Accounts
- Public Finance
- Public Financial Management System (PFMS)
- Social Accounting & Audit
- Trial Balance & Rectification