Which of the following books is known as the book of original entry? MCQ with Answer and Explanation

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Which of the following books is known as the book of original entry?

A. Trial Balance

B. Ledger

C. Journal

D. Balance Sheet

Answer: Option C

Solution (By JKSSB Mock Tests)

The Journal is the primary book where transactions are first recorded in chronological order.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

What is the maximum rate of CGST prescribed under the CGST Act?

A. 18%

B. 20%

C. 28%

D. 14%

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Correct Answer: Option B

Explanation:
The maximum rate of CGST is capped at 20% by the Act, making the combined maximum GST (CGST + SGST) 40%.

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Question #2

The 'Journal Proper' is used to record:

A. Transactions that cannot be entered in any subsidiary book

B. All cash transactions

C. All credit sales

D. All credit purchases

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Correct Answer: Option A

Explanation:
Journal proper is for opening entries, closing entries, transfer entries, rectification entries, etc.

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Question #3

The 'Provisional Assessment' under GST can be requested when:

A. Return is delayed

B. Value of supply or rate of tax cannot be determined at the time of supply

C. Tax rate is not known

D. Audit is pending

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Correct Answer: Option B

Explanation:
Provisional assessment under Section 60 allows payment of tax on a provisional basis when valuation/rate is uncertain.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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