Quiz 42: Special Journals Quiz | Double Entry Bookkeeping

Special journals are used to record similar transactions such as sales on account or cash payments. They are mainly used to provide segregation of duties within a business and to avoid the posting of detailed transactions to the main general ledger.

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1. In which special journal should the following transaction be recorded: Adjustment to prepaid rent at the and of an accounting period?

2. In which special journal should the following transaction be recorded: Cash purchase of equipment?

3. In which special journal should the following transaction be recorded: Purchase of supplies for cash?

4. In which special journal should the following transaction be recorded: Cash collected from credit account customer?

5. In which special journal should the following transaction be recorded: Services are purchased on account?

6. In which special journal should the following transaction be recorded: Sales are invoiced to a customer on account?

7. In which special journal should the following transaction be recorded: Depreciation expense for the accounting period is recorded?

8. In which special journal should the following transaction be recorded: Paid insurance annually in advance?

9. In which special journal should the following transaction be recorded: Adjusted prepaid insurance account at end of accounting period?

10. In which special journal should the following transaction be recorded: Sale to customer for cash?

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Chartered accountant Michael Brown is the founder and CEO of Double Entry Bookkeeping. He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries. He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own. He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a degree from Loughborough University.

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