Chapter Exam

Chapter 7 ACCOUNTANCY : Journal Proper — Online MCQ Test

Q: Which of the following transactions is recorded in the Journal Proper?

Answer: B. Credit purchase of furniture — Journal Proper is used for transactions that do not fit in special journals like cash book or purchase book; purchase of assets on credit is recorded here.

Q: An entry passed to transfer the balance of a temporary account to a permanent account is called a:

Answer: A. Transfer entry — Transfer entries are specifically used to move balances between accounts at the end of the period.

Q: Credit purchase of a machine by a business is recorded in:

Answer: B. Journal Proper — Purchase books only record credit purchases of goods meant for resale. Credit purchase of fixed assets is recorded in Journal Proper.

Q: If an asset becomes obsolete and is written off against the Profit & Loss account, where is this entry recorded?

Answer: A. Journal Proper — Writing off an asset is a non-cash transaction that does not relate to goods, fitting perfectly into the Journal Proper.

ACCOUNTANCY · CLASS 11 INTER I YEAR · Andhra State Board

Practice Chapter 7 ACCOUNTANCY : Journal Proper with a free chapter-wise online MCQ test for Andhra State Board CLASS 11 INTER I YEAR ACCOUNTANCY. This chapter covers: This chapter covers recording transactions not accommodated in other subsidiary books including opening entries closing entries rectification entries and transfer entries.. AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 7 ACCOUNTANCY : Journal Proper — Important Questions & Answers (FAQ)

Frequently asked questions from Andhra State Board CLASS 11 INTER I YEAR ACCOUNTANCY — Chapter 7 ACCOUNTANCY : Journal Proper, with answers and explanations. These are sample questions; the exam has its own separate question set.

Which of the following transactions is recorded in the Journal Proper?

A. Cash sales
B. Credit purchase of furniture ✓
C. Credit sales of goods
D. Cash purchases

Answer: B. Credit purchase of furniture
Journal Proper is used for transactions that do not fit in special journals like cash book or purchase book; purchase of assets on credit is recorded here.

What is the primary purpose of an opening entry in the Journal Proper?

A. To record daily cash receipts
B. To record the start of a new business transaction
C. To record the balances of assets, liabilities, and capital brought forward from the previous year ✓
D. To close the temporary accounts

Answer: C. To record the balances of assets, liabilities, and capital brought forward from the previous year
Opening entries are passed at the beginning of an accounting year to bring forward the closing balances of the previous year.

An entry passed to transfer the balance of a temporary account to a permanent account is called a:

A. Transfer entry ✓
B. Opening entry
C. Rectification entry
D. Closing entry

Answer: A. Transfer entry
Transfer entries are specifically used to move balances between accounts at the end of the period.

Credit purchase of a machine by a business is recorded in:

A. Purchase Book
B. Journal Proper ✓
C. General Ledger
D. Cash Book

Answer: B. Journal Proper
Purchase books only record credit purchases of goods meant for resale. Credit purchase of fixed assets is recorded in Journal Proper.

If an asset becomes obsolete and is written off against the Profit & Loss account, where is this entry recorded?

A. Journal Proper ✓
B. Cash Book
C. Purchase Book
D. Sales Book

Answer: A. Journal Proper
Writing off an asset is a non-cash transaction that does not relate to goods, fitting perfectly into the Journal Proper.

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