🚆 📘 RAILWAY JOURNAL – 100 MCQs
🔹 QUESTIONS (1–100)
Q1. Railway Journal records:
A. Cash transactions
B. Non-cash transactions
C. Assets only
D. None
Q2. (T/F) Journal is a book of original entry.
Q3. Journal entry contains:
A. Debit only
B. Credit only
C. Both debit and credit
D. None
Q4. (Fill) Journal follows ______ entry system.
Q5. Opening entry is recorded in:
A. Ledger
B. Cash Book
C. Journal
D. None
Q6. Closing entries are recorded in:
A. Journal
B. Ledger
C. Trial balance
D. None
Q7. (T/F) Journal entries are posted to ledger.
Q8. Purchase of asset on credit is recorded in:
A. Cash Book
B. Journal
C. Trial balance
D. None
Q9. (Fill) Journal is book of ______ entry.
Q10. Rectification entries are recorded in:
A. Cash Book
B. Journal
C. Ledger
D. None
Q11. Adjustment entries are passed:
A. Daily
B. At year end
C. Weekly
D. None
Q12. (T/F) Journal includes adjustment entries.
Q13. Depreciation entry is recorded in:
A. Cash Book
B. Journal
C. Ledger
D. None
Q14. (Fill) Depreciation is ______ account.
Q15. Accrued income entry:
A. Asset Dr, Income Cr
B. Income Dr, Asset Cr
C. Cash Dr
D. None
Q16. Outstanding expense entry:
A. Expense Dr, Liability Cr
B. Liability Dr, Expense Cr
C. Cash Dr
D. None
Q17. (T/F) Outstanding expenses increase expense.
Q18. Prepaid expense entry:
A. Asset Dr, Expense Cr
B. Expense Dr, Asset Cr
C. Cash Cr
D. None
Q19. (Fill) Prepaid expense is ______.
Q20. Income received in advance:
A. Income Dr
B. Liability Cr
C. Cash Dr
D. None
Q21. Goods withdrawn by owner:
A. Drawings Dr, Purchase Cr
B. Purchase Dr
C. Cash Cr
D. None
Q22. (T/F) Drawings reduce capital.
Q23. Bad debts entry:
A. Bad debts Dr, Debtor Cr
B. Debtor Dr
C. Cash Cr
D. None
Q24. (Fill) Bad debts is ______.
Q25. Provision for doubtful debts:
A. Expense Dr, Provision Cr
B. Provision Dr
C. Cash Dr
D. None
Q26. Capital introduced:
A. Cash Dr, Capital Cr
B. Capital Dr
C. Cash Cr
D. None
Q27. (T/F) Capital is credited when introduced.
Q28. Loan taken:
A. Cash Dr, Loan Cr
B. Loan Dr
C. Cash Cr
D. None
Q29. (Fill) Loan is ______.
Q30. Interest on loan:
A. Expense Dr
B. Income Cr
C. Both
D. None
Q31. Purchase of goods on credit:
A. Purchase Dr, Creditor Cr
B. Cash Dr
C. Sales Cr
D. None
Q32. (T/F) Purchase is debited.
Q33. Sales on credit:
A. Debtor Dr, Sales Cr
B. Sales Dr
C. Cash Dr
D. None
Q34. (Fill) Sales is ______ account.
Q35. Return inward entry:
A. Sales return Dr, Debtor Cr
B. Purchase return Dr
C. Cash Cr
D. None
Q36. Return outward entry:
A. Creditor Dr, Purchase return Cr
B. Purchase Dr
C. Sales Cr
D. None
Q37. (T/F) Purchase return reduces purchase.
Q38. Discount allowed:
A. Expense Dr
B. Income Cr
C. Asset Dr
D. None
Q39. (Fill) Discount received is ______.
Q40. Cash purchase entry:
A. Purchase Dr, Cash Cr
B. Cash Dr
C. Sales Cr
D. None
Q41. Cash sale entry:
A. Cash Dr, Sales Cr
B. Sales Dr
C. Purchase Cr
D. None
Q42. (T/F) Sales increases income.
Q43. Salary paid:
A. Salary Dr, Cash Cr
B. Cash Dr
C. Salary Cr
D. None
Q44. (Fill) Salary is ______ account.
Q45. Rent received:
A. Cash Dr, Rent Cr
B. Rent Dr
C. Cash Cr
D. None
Q46. Rent paid:
A. Rent Dr, Cash Cr
B. Cash Dr
C. Rent Cr
D. None
Q47. (T/F) Rent paid is expense.
Q48. Commission received:
A. Cash Dr, Commission Cr
B. Commission Dr
C. Cash Cr
D. None
Q49. (Fill) Commission is ______.
Q50. Insurance paid:
A. Insurance Dr, Cash Cr
B. Cash Dr
C. Insurance Cr
D. None
Q51. Loss by fire:
A. Loss Dr, Purchase Cr
B. Purchase Dr
C. Cash Cr
D. None
Q52. (T/F) Loss is debited.
Q53. Goods given as charity:
A. Charity Dr, Purchase Cr
B. Purchase Dr
C. Cash Cr
D. None
Q54. (Fill) Charity is ______.
Q55. Interest received:
A. Cash Dr, Interest Cr
B. Interest Dr
C. Cash Cr
D. None
Q56. Accrued interest:
A. Asset Dr, Interest Cr
B. Interest Dr
C. Cash Cr
D. None
Q57. (T/F) Accrued income is asset.
Q58. Depreciation entry:
A. Depreciation Dr, Asset Cr
B. Asset Dr
C. Cash Cr
D. None
Q59. (Fill) Depreciation reduces ______.
Q60. Which is adjustment entry?
A. Outstanding expense
B. Cash sale
C. Purchase
D. None
Q61. Suspense account entry:
A. Temporary
B. Permanent
C. None
D. Both
Q62. (T/F) Suspense account is temporary.
Q63. Rectification entry corrects:
A. Errors
B. Profit
C. Cash
D. None
Q64. (Fill) Errors are corrected by ______ entries.
Q65. Journal entry must balance:
A. Debit & credit
B. Only debit
C. Only credit
D. None
Q66. Double entry system ensures:
A. Accuracy
B. Profit
C. Loss
D. None
Q67. (T/F) Debit must equal credit.
Q68. Journal entry includes narration:
A. Yes
B. No
C. Optional
D. None
Q69. (Fill) Narration explains ______.
Q70. Compound entry includes:
A. One debit
B. Multiple accounts
C. No entry
D. None
Q71. Which is journal entry?
A. Cash only
B. Debit & credit
C. Balance
D. None
Q72. (T/F) Journal is chronological record.
Q73. Posting is done to:
A. Ledger
B. Trial balance
C. Cash book
D. None
Q74. (Fill) Journal is book of ______ entry.
Q75. Which is not journal entry?
A. Cash purchase
B. Depreciation
C. Adjustment
D. None
Q76. Capital expenditure entry:
A. Asset Dr
B. Expense Dr
C. Income Cr
D. None
Q77. (T/F) Revenue expenditure is expense.
Q78. Goods lost entry:
A. Loss Dr
B. Purchase Cr
C. Both
D. None
Q79. (Fill) Goods lost is ______.
Q80. Prepaid rent entry:
A. Asset Dr
B. Expense Cr
C. Both
D. None
Q81. Income earned not received:
A. Asset Dr, Income Cr
B. Income Dr
C. Cash Cr
D. None
Q82. (T/F) Income earned is credited.
Q83. Drawings entry:
A. Drawings Dr
B. Cash Cr
C. Both
D. None
Q84. (Fill) Drawings reduce ______.
Q85. Loan repaid:
A. Loan Dr, Cash Cr
B. Cash Dr
C. Loan Cr
D. None
Q86. Bank charges entry:
A. Expense Dr, Bank Cr
B. Bank Dr
C. Cash Cr
D. None
Q87. (T/F) Bank charges are expense.
Q88. Discount received:
A. Creditor Dr, Discount Cr
B. Discount Dr
C. Cash Cr
D. None
Q89. (Fill) Discount received is ______.
Q90. Goods purchased for cash:
A. Purchase Dr, Cash Cr
B. Cash Dr
C. Sales Cr
D. None
Q91. Sales return reduces:
A. Sales
B. Purchase
C. Asset
D. None
Q92. (T/F) Sales return is debited.
Q93. Purchase return reduces:
A. Purchase
B. Sales
C. Asset
D. None
Q94. (Fill) Purchase return is ______.
Q95. Which is nominal account?
A. Salary
B. Cash
C. Debtor
D. None
Q96. Which is real account?
A. Cash
B. Salary
C. Rent
D. None
Q97. (T/F) Real accounts include assets.
Q98. Which is personal account?
A. Ram
B. Cash
C. Rent
D. None
Q99. (Fill) Personal account relates to ______.
Q100. Which is correct?
A. Debit = left
B. Credit = right
C. Both
D. None
📘 ANSWER KEY (1–100)
1-B, 2-T, 3-C, 4-Double, 5-C
6-A, 7-T, 8-B, 9-Original, 10-B
11-B, 12-T, 13-B, 14-Nominal, 15-A
16-A, 17-T, 18-A, 19-Asset, 20-B
21-A, 22-T, 23-A, 24-Expense, 25-A
26-A, 27-T, 28-A, 29-Liability, 30-A
31-A, 32-T, 33-A, 34-Nominal, 35-A
36-A, 37-T, 38-A, 39-Income, 40-A
41-A, 42-T, 43-A, 44-Nominal, 45-A
46-A, 47-T, 48-A, 49-Income, 50-A
51-A, 52-T, 53-A, 54-Expense, 55-A
56-A, 57-T, 58-A, 59-Asset, 60-A
61-A, 62-T, 63-A, 64-Rectification, 65-A
66-A, 67-T, 68-A, 69-Entry, 70-B
71-B, 72-T, 73-A, 74-Original, 75-D
76-A, 77-T, 78-C, 79-Loss, 80-C
81-A, 82-T, 83-C, 84-Capital, 85-A
86-A, 87-T, 88-A, 89-Income, 90-A
91-A, 92-T, 93-A, 94-Nominal, 95-A
96-A, 97-T, 98-A, 99-Persons, 100-C
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