Copyright

Journal Entries and Trial Balance in Accounting

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The book that contains every single transaction that has occurred in a business and is recorded in chronological order is called a _____.

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. A complete journal entry will always have both a _____.

2. Double entry accounting requires that for every one transaction there will be at least _____ accounts affected.

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

Journaling and trial balancing play important roles in good accounting practices, and this quiz and worksheet combination will help you test your understanding of these two key components. The questions on the quiz will test you on the characteristics of good journaling and what is included in trial balancing.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The name of the book that features all of a business's transactions in chronological order
  • The properties of a good journal entry
  • A requirement of double-entry accounting

Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

  • Reading comprehension - ensure that you draw the most important information on journaling and trial balancing from the related lesson
  • Making connections - use your understanding of the name of the book of final entry
  • Defining key concepts - ensure that you can accurately define main phrases, such as double-entry accounting
  • Information recall - access the knowledge you've gained regarding things that a complete journal entry must always have

Additional Learning

To learn more about good accounting principles, review the accompanying lesson, Journal Entries and Trial Balance in Accounting. This lesson covers the following objectives:

  • Define and describe journal entries
  • Define and describe trial balance accounting
  • Describe Double Entry Accounting
  • Understand how journaling and trial balancing aid in developing a General Ledger
Support