Special Journal Q&A

True Tamplin

Written by True Tamplin, BSc, CEPF®
Updated on November 18, 2021

Test your understanding of the special journal by answering the 9 short questions given below. We recommend that you attempt to answer each question yourself before revealing the answers.

If you find any of these questions challenging, check out our article covering the special journal to learn everything you need to know.

1. What is a purchase book?

2. What is a sales book?

3. What is a purchase returns or returns outwards book?

4. What is a sales returns or returns inwards book?

5. What is the bills receivable journal?

6. What is the bills payable book?

7. What is the general journal?

8. What is a debit note?

9. What is a credit note?

True Tamplin, BSc, CEPF®

About the Author
True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, his interview on CBS, or check out his speaker profile on the CFA Institute website.

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