Please refer to Recording of Transactions II MCQ Questions Class 11 Accountancy below. These MCQ questions for Class 11 Accountancy with answers have been designed as per the latest NCERT, CBSE books, and syllabus issued for the current academic year. These objective questions for Recording of Transactions II will help you to prepare for the exams and get more marks.
Recording of Transactions II MCQ Questions Class 11 Accountancy
Please see solved MCQ Questions for Recording of Transactions II in Class 11 Accountancy. All questions and answers have been prepared by expert faculty of standard 11 based on the latest examination guidelines.
MCQ Questions Class 11 Accountancy Recording of Transactions II
Question. When a firm maintains a cash book, it need not maintain
(a) Journal Proper
(b) Purchases (journal) book
(c) Sales (journal) book
(d) Bank and cash account in the ledger
Answer
D
Question. Goods purchased on cash are recorded in the
(a) Purchases (journal) book
(b) Sales (journal) book
(c) Cash book
(d) Purchases return (journal) book
Answer
C
Question. Total of these transactions is posted in purchase account:
(a) Purchase of furniture
(b) Cash and credit purchase
(c) Purchases return
(d) Purchase of stationery
Answer
B
Question. Credit balance of bank account in cash book shows :
(a) Overdraft
(b) Cash deposited in our bank
(c) Cash withdrawn from bank
(d) None of these
Answer
A
Question. Balancing of account means
(a) Total of debit side
(b) Total of credit side
(c) Difference in total of debit & credit
(d) None of these
Answer
C
Fill in the Correct Words
Question. Cash book is a …………….. journal.
Answer : Subsidiary
Question. Return of goods purchased on credit to the suppliers will be entered in ………………. Journal.
Answer : Purchases Return
Question. Double column cash book records transaction relating to ……………. and ……………….
Answer : Cash, Bank
Question. Cash book does not record the ………………. transactions.
Answer : Credit
Question. Credit balance shown by a bank column in cash book is …………………
Answer : Overdraft
Question. In purchase book goods purchased on ………………. are recorded.
Answer : Credit
State whether the following statements are True or False
Question. One debit account and more than one credit account in a entry is called compound entry.
Answer
True
Question. Cash and credit purchases are entered in purchase journal.
Answer
False
Question. Cash book records transactions relating to receipts and payments.
Answer
True
Question. Petty cash book is a book having record of big payments.
Answer
False
Question. Transaction recorded both on debit and credit side of cash book is known as contra entry.
Answer
True
Question. Credit purchase of machine is entered in purchase journal.
Answer
False
