CBSE Questions for Class 11 Commerce Accountancy Recording Of Transactions - Ii Quiz 4 - MCQExams.com

Entry for bad debts is recorded in the ______.
  • Sales book
  • Purchase book
  • Cashbook
  • Journal proper
Additional cash introduced in business is recorded in ______.
  • Purchase book
  • Cash book
  • Journal proper
  • Return inward book
Credit transactions are never recorded in cash book.
  • True
  • False
Cash discount allowed is recorded on the debit side of cash book.
  • True
  • False
Petty cash vouchers are used to record entries on the debit side of the petty cash book.
  • True
  • False
Only withdrawal slip is used by the account holder for withdrawal of cash from the bank.
  • True
  • False
Goods returned to suppliers should be accompanied by __________.
  • Bill
  • Cash Memo
  • Debit note
  • Credit note
When cheque is issued to an outside party it is recorded on the credit side of the cash book in the bank column.
  • True
  • False
Contra entry does not appear on both the sides of the three column cash book.
  • True
  • False
Accounting entries in the Return Inward book are recorded on the basis of a debit note.
  • True
  • False
When total of Debit side of an account is more than total of Credit side of an account it is ____________.
  • Debit balance
  • Credit balance
  • Zero balance
  • None of these
Closing balance of cash book is _____________ balance.
  • Debit
  • Credit
  • Zero
  • Either (A) or (C)
Credit note is prepared by the supplier. 
  • True
  • False
A debit note is prepared by the seller.
  • True
  • False
On the basis of receipt voucher, the debit side of cash book is written up.
  • True
  • False
Purchase Returns Account shows ______________.
  • Debit balance
  • Credit balance
  • Zero balance
  • None of these
Accounting entries in the Return outward book are recorded on the basis of credit note.
  • True
  • False
Debtors Account shows _________ balance.
  • debit
  • credit
  • nominal
  • real
Over casting of sales day book will lead to
  • Over statement of profit
  • Under statement of profit
  • Over statement of sundry debtors
  • None
When the total of debit side of an A/c exceeds credit side, it is called ______ balance.
  • Debit
  • Credit
  • Nil
  • Real
Purchases accounts always shows __________ balance.
  • debit
  • credit
  • negative
  • none of these
Excess of credit side total of an account over its debit total ______________.
  • Debit Balance
  • Credit Balance
  • Zero Balance
  • None of these
Carried down (c/d) balance indicates ________ balance.
  • Opening
  • Real
  • Nominal
  • Closing
Capital Account shows _____________.
  • Debit balance
  • Credit balance
  • Zero balance
  • None of these
Cash Account always shows _______ balance.
  • Debit
  • Credit
  • Negative
  • Minus
Machinery Account shows _______ balance.
  • Credit
  • Debit
  • Both A and B
  • None of these
Sales account always shows _________ balance.
  • debit
  • credit
  • positive
  • negative
Total of sales book is ________ to sales accounts.
  • Entered
  • Moved
  • Posted
  • Given
Bad debts reserve account always shows ________ balance.
  • Credit
  • Debit
  • Zero
  • Positive
An account has a credit balance,if the total of credit side is greater than the total debit side.
  • True
  • False
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Practice Class 11 Commerce Accountancy Quiz Questions and Answers