CBSE Questions for Class 11 Commerce Accountancy Recording Of Transactions - Ii Quiz 14 - MCQExams.com

The transaction for purchase of fixed asset on credit will be recorded in which of the following book
  • Sales Book
  • Purchases Book
  • Journal Proper
  • Cash Book
Which Transactions are recorded in journal proper ?
  • Adjustment Entries
  • Rectification entries
  • Transfer entries
  • All of the Above
Purchases that are recorded in purchases (Journal) book ?
  • Credit purchases of goods.
  • Purchases of office equipment.
  • Purchases of office furniture.
  • Cash purchases of goods.
Source documents for recording entries in the sales book are _________________.
  • Sales invoice issued by the firm to the customers
  • Sales invoice issued by the customers to the firm
  • Sales invoice issued by the firm to the seller
  • None of the above
Purchase of machinery for business on cash is recorded in ____________.
  • Purchase Journal
  • General journal
  • Cash book
  • Balance Sheet
Double column cash book records transaction relating to __________ and ___________.
  • Purchase, Sales
  • Cash, Credit
  • Cash, Bank
  • Purchase, Return
While posting in cash payment journal ___________________.
  • Only the individual accounts are posted
  • The individual accounts are debited and also the total of the cash column is credited
  • Only the individual accounts are credited and there is no need to post the total of the cash column
  • Only individual accounts are credited and the total of the cash column is debited
Day-to-day cash transactions of club are recorded in __________.
  • Receipts and Payments account
  • Income and Expenditure account
  • Cash book
  • None of these
Which of the following Cash Book is treated as a 'Cash Account' ?
  • Single-column Cash Book
  • Two-column Cash Book
  • Three-column Cash Book
  • Petty-Cash Book
Journal proper is issued to record __________.
  • All purchases of goods
  • All sales of goods
  • All business expenses paid in cash
  • All adjusting and rectification entries
Cash cannot be misappropriated by ____________.
  • Omitting to enter any cash which has been received
  • Entering less amount than what has been actually received
  • Making fictitious entries on the receipts side of cash book
  • Making fictitious entries on the payments side of the cash book
Excess of bank withdrawal over bank deposits __________.
  • Overdraft
  • Cash balance
  • Bank balance
  • Loan
A petty cash book which had many sub-columns on payment side for recording expenses which are repetitive in nature, e.g. postage and telegrams, printing & stationery, carriage & cartage, sundry expenses, etc. is called analytical/columnar petty cash book.
  • True
  • False
Select the most appropriate alternative from those given below and rewrite the sentence.
Transactions related to Cash and Bank A/c are entered in _________ voucher.
  •  Purchases
  • Sales
  • Contra
  • Payment
Balance of personal account is brought down for the next year.
  • True
  • False
________is the book in which cash discount received and allowed is recorded.
  • Sales book
  • Purchase book
  • Petty cash book
  • Journal proper
Endorsed cheques are always recorded on the payment side in the bank column.
  • True
  • False
Cheque received and deposited into bank on the same day is a contra entry.
  • True
  • False
Book in which small payments are recorded is ____________.
  • Petty Cash Book
  • Double column cash book
  • Journal proper
  • None of the above
The source document for recording in purchase book is ________.
  • Inward invoice
  • Outward invoice
  • Voucher
  • Cash memo
Bank A/c will have _____.
  • Debit Balance
  • Credit Balance
  • Nil
  • Bebit or Credit balance
____________recorded in cash book.
  • Rs. 5000 received from Rahul
  • Rs. 6500 paid to Gopal
  • Loan of Rs. 51000 taken from Bank
  • All of three
Sale of computer by a computer dealer on credit is recorded in __________.
  • cash book
  • computer account
  • fixed assets account
  • sales book
_________ is the book which is used for the purpose of recording the payment of petty cash expenses.
  • Cash book
  • Bank book
  • Petty cash Book
  • Miscellaneous Expenses Book
_______ does not have any credit side.
  • Purchase day book
  • Purchase a/c
  • Capital a/c
  • Trading a/c
Cash purchase of trading goods is initially recorded in _______.
  • purchase day book
  • cash book
  • directly in Purchase A/c
  • any of the above three
Which of these items are taken into consideration for preparing adjusted cash book?
  • Cheque issued by not paid
  • Cheque deposited but not cleared
  • Wrong totalling of pass book
  • Mistake in Cash book
Which of these are recorded in journal proper?
  • Transfer entry
  • Opening/Closing entry
  • Rectifying entry
  • All the three
While adjusting the cash balance which one of the following is not taken into account?
  • Payment directly received by bank as per instructions
  • Payment directly made by the bank as per standing instructions
  • Mistake in cash book
  • Mistake in pass book
Provisions for bad debts is journalized in ________.
  • general journal
  • debtors A/c
  • directly in profit and loss A/c
  • any of the above three
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