Journals - JSS1 Business studies Past Questions and Answers - page 1

1

What is the primary purpose of a journal?

A

To record financial transactions

B

To publish scholarly articles

C

To track exercise routines

D

To document travel experiences

correct option: a
Users' Answers & Comments
2

Which type of journal is used for recording dreams and interpretations?

A

Personal journal

B

Academic journal

C

Dream journal

D

Fitness journal

correct option: c
Users' Answers & Comments
3

What type of journal serves as a platform for academic research?

A

Personal journal

B

Academic journal

C

Travel journal

D

Art journal

correct option: b
Users' Answers & Comments
4

Which form of journal entry involves multiple debits, credits, or both within a single entry?

A

Simple journal entry

B

Compound journal entry

C

Narrative journal entry

D

Reversing journal entry

correct option: b
Users' Answers & Comments
5

When are adjusting journal entries typically made?

A

At the beginning of an accounting period

B

At the end of an accounting period

C

Throughout the accounting period

D

At random intervals during the year

correct option: b
Users' Answers & Comments
6

What type of journal entry is used to reverse a previous entry?

A

Simple journal entry

B

Compound journal entry

C

Reversing journal entry

D

Closing journal entry

correct option: c
Users' Answers & Comments
7

Which type of journal tracks experiences, observations, and emotions while traveling?

A

Personal journal

B

Academic journal

C

Travel journal

D

Dream journal

correct option: c
Users' Answers & Comments
8

What is recorded in a narrative journal entry?

A

Detailed explanation or narrative alongside the transaction

B

Single financial transaction

C

Reversed entries

D

Adjusting entries

correct option: a
Users' Answers & Comments
9

Which journal entry transfers temporary account balances to permanent accounts at the end of an accounting period?

A

Simple journal entry

B

Compound journal entry

C

Reversing journal entry

D

Closing journal entry

correct option: d
Users' Answers & Comments
10

What is the main characteristic of a personal journal?

A

Tracks academic research

B

Records financial transactions

C

Used for personal reflection and goal setting

D

Documents travel experiences

correct option: c
Users' Answers & Comments
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