Please refer to Recording of Transactions II HOTs Class 11 Accountancy provided below with Recording of Transactions II. All HOTs for Class 11 Accountancy with answers provided below have been designed as per the latest syllabus and examination petter issued by CBSE, NCERT, KVS. Students of Standard 11 Accountancy should learn the solved HOTS for Class 11 Accountancy provided below to gain better marks in examinations.
Recording of Transactions II Class 11 Accountancy HOTs
Question. Journal is a book of secondary entry. Is it true or false?
Answer : False
Question. Assets sold on credit are entered in the sales journal. Is it true or false?
Answer : False
Question. Double column cash book records:
1. All transactions
2. Cash and bank transactions
3. Only cash transactions
4. Only credit transactions
Answer : Cash and bank transactions
Question. Cash book does not record the transaction of
1. Cash nature
2. Credit Nature
3. Cash and credit nature
4. None of these
Answer : Credit Nature
Question. The periodic total of sales return journal is posted to
1. Sales account
2. Goods account
3. Purchases return account
4. Sales return account
Answer : Sales return account
Question. The periodic total of purchases return journal is posted to
1.Purchase account
2.Profit and loss account
3. Purchase returns account
4. Furniture account
Answer : Purchase returns account