In which of the following orders data is entered in journal?
Correct answer: D. Chronological order
- A. Alphabetical order
- B. Numeric order
- C. Bullets order
- D. Chronological order
Explanation
Journal entries are recorded in chronological order, meaning transactions are entered according to the dates on which they occur. Alphabetical or numerical ordering is not the normal basis for a journal.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Accounting Principles
Accounting principles explain the rules used to record, classify and report business transactions. Coverage includes the accounting equation, double-entry system, accrual and cash bases, matching and prudence concepts, consistency, going concern, business entity, and the difference between capital and revenue items.
Practise Accounting Principles
351 free Accounting Principles MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Accounting Principles questions
Which of the following accounts will be credited if a company purchases building for cash?
The first step in accounting process is___________?
A chart of accounts generally start with which of the following types of accounts?
The standard format of journal does not include which of the following?
Journals are also referred as_____________?
Which of the following accounts will be debited if the business's owner withdraws cash from business for his personal use?