CBSE Questions for Class 11 Commerce Accountancy Recording Of Transactions - Ii Quiz 11 - MCQExams.com

In case of three column cash book, contra entry is related with _____________.
  • Cash; Discount
  • Cash; Bank
  • Bank; Discount
  • None of these
Which of the following will a supplier send to customer whose invoice was under cast?
  • Notification Note
  • Way Bill
  • Credit Note
  • Debit Note
Purchases book is meant for recording the  _______ of goods. 
  • Credit purchase
  • Cash purchase
  • Budgeted purchases
  • Both (A) and (B)
Which of the following reflects 'child ego' as per the concept of Transactional Analysis?
  • I would not do so again
  • Everything will be OK
  • Never do so again
  • All of the above
The details of goods returned by the customers to the business organization are recorded in ________ book. 
  • Sales Returns Book
  • Purchase Returns Books
  • Journal Proper
  • All of the above
The total amount column of the purchases return book is _______________.
  • Credited to purchases returns account
  • Debited to sales return account
  • Credited to sales return account
  • Debited to purchases returns account
In the Sales Book ______ of goods recorded. 
  • Cash sale
  • Credit sale
  • Budgeted sales
  • All of the above
When obsolete assets are sold on credit, these are originally recorded in the _____________.
  • Sales day book
  • Sale account
  • General journal
  • Any of the above
When the goods are returned to the supplier, a ______ is sent to him.
  • Credit note
  • Debit note
  • Thank you note
  • All of the above
Cash purchases are recorded in _____________.
  • Purchases Book
  • Cash Book
  • Purchases Returns Book
  • Partly in Cash Book and partly in Journal Proper
Cash sales are recorded in ___________.
  • Journal proper
  • Sales Book
  • Cash Book
  • All of the above
Balance of cash column in cash book has ____________.
  • Dr. Balance
  • Cr. Balance
  • Dr. or Cr. Balance
  • None of above
Rs $$3,50,000$$ cash paid to creditors for settlements of credit purchases will be recorded in _______________.
  • Sales Book
  • Purchase Book
  • Journal Proper (General Journal)
  • Cash Book
The debit balance of a cash account shows ______________.
  • Amount receivable
  • Amount payable
  • Cash in hand
  • Liability
Contra entry appears in ______________.
  • Purchases Returns book
  • Cash book
  • Journal proper
  • All of the above
Rent due for the month of March will appear ___________________.
  • On the payment side of the cash book
  • On the receipt side of the cash book
  • Nowhere in the cash book
  • As a contra entry
Contra entries are passed only when __________________.
  • Simple cash book is prepared
  • Three-column cash book is prepared
  • Double-column cash book is prepared
  • None of the above
Payments in cash of small amounts like travelling expenses, postage, carriage, etc. are recorded in the ______________.
  • Main Cash Book
  • Petty Cash Book
  • Cash Budget
  • Journal proper
Which of the following is/are features of cash book ? 
  • All cash transactions are recorded chronologically in the cash book.
  • It records only one aspect of transaction i.e cash.
  • It performs the functions of both journal and ledger at the same time .
  • All of the above
Which of the column of the cash book can have credit opening or closing balance ? 
  • Cash column
  • Bank column
  • Discount column
  • (B) & (C)
Purchase of furniture on cash for  Rs $$1,50,000$$ will be recorded in _____________.
  • Sales Book
  • Purchase Book
  • General Journal
  • Cash Book
If a transaction involves both cash and bank account, it is entered on both sides of the cash book, one in the cash column and second in the bank column, though on opposite sides. This is called a _____________.
  • Journal entry
  • Adjustment entry
  • Contra entry
  • Combined entry
A second hand motor car was purchases on credit from B & Co. for Rs $$10,000$$. It will be recorded in _______________.
  • Journal Proper (General Journal)
  • Cash Book
  • Purchase Book
  • Sales Book
An allowance of Rs $$50$$ was offered for an early payment of cash of Rs $$1,050$$. It will be recorded in ____________.
  • Sales Book
  • Purchase Book
  • Journal Proper(General Journal)
  • Cash Book
Salary paid in cash - Rs $$50,000$$ will be recorded in ____________.
  • General Journal
  • Cash Book
  • Purchases Return Book
  • Purchase Book
Outstanding salary of Rs $$34,000$$ to be provided in the accounts will be recorded in  ________________.
  • Bills Receivable Book
  • Journal Proper(General Journal)
  • Purchase Return Book
  • Purchase Book
Goods were sold on credit basis to Mr. Ram for Rs $$10,000$$. It will be recorded in _______________.
  • Journal Proper(General Journal)
  • Cash Book
  • Purchase Book
  • Sales Book
Accounting for recovery from Mr. C of an amount of Rs $$2,000$$ earlier written off as bad debt will be recorded in _____________.
  • Sales Book
  • Purchase Book
  • Journal Proper(General Journal)
  • Cash Book
Sold furniture on cash for Rs $$1,50,000$$ will be recorded in ______________.
  • Sales Book
  • Purchase Book
  • Journal Proper (General Journal)
  • Cash Book
Received cash of Rs $$2,00,000$$ from debtors for settlement of credit sales will be recorded in ______________.
  • Sales Book
  • Purchase Book
  • Journal Proper (General Journal )
  • Cash Book
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Practice Class 11 Commerce Accountancy Quiz Questions and Answers