Journals - JSS1 Business studies Past Questions and Answers - page 1
What is the primary purpose of a journal?
To record financial transactions
To publish scholarly articles
To track exercise routines
To document travel experiences
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Which type of journal is used for recording dreams and interpretations?
Personal journal
Academic journal
Dream journal
Fitness journal
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What type of journal serves as a platform for academic research?
Personal journal
Academic journal
Travel journal
Art journal
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Which form of journal entry involves multiple debits, credits, or both within a single entry?
Simple journal entry
Compound journal entry
Narrative journal entry
Reversing journal entry
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When are adjusting journal entries typically made?
At the beginning of an accounting period
At the end of an accounting period
Throughout the accounting period
At random intervals during the year
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What type of journal entry is used to reverse a previous entry?
Simple journal entry
Compound journal entry
Reversing journal entry
Closing journal entry
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Which type of journal tracks experiences, observations, and emotions while traveling?
Personal journal
Academic journal
Travel journal
Dream journal
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What is recorded in a narrative journal entry?
Detailed explanation or narrative alongside the transaction
Single financial transaction
Reversed entries
Adjusting entries
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Which journal entry transfers temporary account balances to permanent accounts at the end of an accounting period?
Simple journal entry
Compound journal entry
Reversing journal entry
Closing journal entry
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What is the main characteristic of a personal journal?
Tracks academic research
Records financial transactions
Used for personal reflection and goal setting
Documents travel experiences
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