Recording Of Transactions - Ii - Class 11 Commerce Accountancy - Extra Questions

Answer the following question in One sentence each.
Write the meaning of Credit Note.



Answer in one sentence only.
What is a conventional cash book?



Answer the following question in one sentence each.
Write the meaning of Debit note.



Fill in the blanks with appropriate words in the following sentences.
The transaction "Paid salaries" comes under _______  account.



What is purchase return book?



Write the difference between return inwards and return outwards.



What is cash book? Explain the types of cash book.



What is petty cash book? How it is prepared?



What do you understand by balancing of account?



What are the closing entries? Give four examples of closing entries.



When the total of debit side of an account exceeds credit side, what is the balance shown by the said account?



Write the word , term or phrase which can substitute each of the following statement.
An account where total of Purchases Book is posted.



Answer the following question in One sentence each.
Which account will be affected by an error of casting in Sales Book?



Write a word / term / phrase as a substitute for the following statement.
The assets which are not recorded in the books of accounts.



Raja of Ngpur draws a bill on Pradhan of Bandara for Rs. 6,000 at 3 months. Pradhan accepted and returned it to Raja. Raja then sent the bill to bank for collection.
On due date, Pradhan finds himself unable to make payment of the bill and requests Raja to along with interest Rs. 250 in cash and should accept new bill for the balance at 2 months. These arrangements were carried through.
Afterward, one month before due date of new bill Pradhan retired his acceptance by paying Rs. 4, 850.
Give Journal entries in the books of Raja of Nagpur.



Write notes on the following 
Write short note on Global Depository Receipt :



What do you mean by subsidiary books?



Which type of accounts will always have debit balances?



Class 11 Commerce Accountancy Extra Questions