CBSE Questions for Class 9 Elements Of Book Keeping And Accountancy Journal Quiz 4 - MCQExams.com

The journal entry to account for the acquisition on credit of factory machinery from Millet plc should require which of the following:
  • Debit Factory account and credit Millet plc account
  • Debit Machinery account and credit Millet plc account
  • Debit Millet plc account and credit Machinery account
  • Debit Machinery account and credit Cash account
The term 2/10-n/30 implies that discount will be given if the payment made within ______ day is receivable within 30 days.
  • 2, 10
  • 10, 2
  • 10, 30
  • 3, 15
For every entry in journal the transaction can be ___________.
  • personal
  • real
  • nominal
  • all of the above
The accounting entry to record bank charges deducted from the Bank Account of the business ___________.
  • Debit Bank Charges Account credit Cash Account
  • Debit Cash Account credit Bank Charges Account
  • Debit Interest account credit Bank Account
  • Debit Bank Charges Account credit Bank Account
Transactions which are inter-connected and have taken place simultaneously are recorded by means of a _____________.
  • Adjustment entry
  • Combined journal entry
  • Either (A) or (B)
  • Closing entry
Amit commenced business introducing as his capital furniture worth Rs. 21,000, a car valued at Rs. 30,000 and Rs. 48,000 in cash. The journal entry for recording this would require ____________________.
  • Debit in the three asset accounts, including cash and a credit in the Capital Account
  • No journal entries
  • Debit in the two asset accounts other than cash and a credit in the Capital Account
  • Debit in the cash Account and credit in the Capital Account
The following comments ail relate to the recording process. Which of these statements is correct?
  • The general ledger is a chronological record of transactions.
  • The general ledger is posted from transactions recorded In the general journal.
  • The trial balance provides the primary source document for recording transactions into the general journal.
  • Transposition is the transfer of information from the general journal to the general ledger.
Which of the following actions reflects 'parent ego' as per the concept of Transactional Analysis?
  • Pondering
  • Pleasure
  • Blessing
  • All of the above
Journal is book of _______________.
  • Analytical record
  • Chronological record
  • Alphabetical record
  • None of above
Sriram purchased a furniture for Rs. 6,000, the accounts affected from this transaction will be _________________.
  • Capital account and cash account
  • Furniture account and cash account
  • Furniture account and capital account
  • Capital account and bank account.
Which of the following item is found in a Journal entry?
$$1$$. Date of each transaction
$$2$$. Rupee amount of each debit and credit
$$3$$. Explanation of each transaction.
  • $$1$$ only
  • $$1$$ & $$2$$ only
  • $$2$$ & $$3$$ only
  • All of the above
Which of the following should be entered in the Journal?
(i) Payment for purchases
(ii) Fixtures bought on credit
(iii) Credit sale of goods
(iv) Sale of surplus machinery.
  • (i) and (iii)
  • (i) and (iv)
  • (ii) and (iv)
  • (iii) and (iv)
Which of the following are errors of principle?
(i) Motor expenses entered in Motor Vehicles account.
(ii) Purchases of machinery entered in Purchases account.
(iii) Sales of Rs. 250 to Varun completely omitted from books.
(iv) Sales to Raj entered in Amit's account.
  • (i) and (iv)
  • (ii) and (iii)
  • (i), (ii) and (iv)
  • All of the above
'A' owned Rs. 25,000 to 'B' 'A' becomes insolvent. 'B' got A's computer valuing Rs. 11,500 in his full settlement journal entry will be passed in the books of 'B'. 
  • Purchase A/c Dr. 11,500

    To A 11,500
  • Computer Dr 11,500

    Bad-debts Dr. 13,500

    To A 25,000
  • Computer A/c Dr. 25,000

    To A 25,000
  • Computer A/c Dr. 11,500

    Purchases A/c Dr. 13,500

    To A 25,000
________are passed in the general journal for transferring an item entered in one account to another account.
  • Transfer Entries
  • Adjustment Entries
  • Closing Entries
  • Opening Entries
Discount is allowed by Arun to Varun. Which of the following should be the course of action in books of Arun?
  • Credit Varun A/c and debit discount allowed A/c
  • Debit Varun A/c and credit discount received A/c
  • Credit Arun A/c and debit discount allowed A/c
  • Debit Arun A/c and credit discount received A/c
Credit purchase of plant and machinery is recorded in_________________.
  • purchase day book
  • purchase ledger
  • cash book
  • Journal proper
Purchase of Pen for office use will be debited to __________ .
  • Pen A/c
  • Stationery Expense A/c
  • Any of the above
  • None of the above
_______is used to record the particulars of all the bills payable accepted by the business organization for the purpose of paying amounts due to its creditors.
  • Journal proper
  • Bills Payable Book
  • Bills Receivable Book
  • Sales Book
Goods worth $$Rs. 10,000$$ were purchased by $$B$$ on which the traders allowed $$Rs. 500$$ trade discount and offer to given $$5$$% cash discount if immediate payment is made. The Purchase A/c will be debited by ____________.
  • $$Rs. 10,000$$
  • $$Rs. 9,800$$
  • $$Rs. 9,000$$
  • $$Rs. 9,500$$
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Practice Class 9 Elements Of Book Keeping And Accountancy Quiz Questions and Answers