MCQ Chapter 3 Accountancy Class 11 Maharashtra Board Journal 1. What is the primary purpose of a Journal in accounting?To prepare final accountsTo record stock detailsTo record transactions in chronological orderTo manage ledger balancesQuestion 1 of 202. The word "Journal" is derived from which language?LatinGreekFrenchGermanQuestion 2 of 203. Which of the following is a book of original entry?LedgerBalance SheetJournalTrial BalanceQuestion 3 of 204. The brief explanation written below a journal entry is called:CaptionHeadingNarrationSummaryQuestion 4 of 205. The page number of the ledger mentioned in the journal is called:IndexPage codeReference numberLedger FolioQuestion 5 of 206. Which of the following columns is not filled during journalising?DateParticularsAmountLedger FolioQuestion 6 of 207. Journal entries must always include:Only one accountBalance sheet referenceNarrationCapital detailsQuestion 7 of 208. What is the first step in journalising a transaction?Writing narrationWriting the amountFinding the accounts involvedEntering in the ledgerQuestion 8 of 209. Which of the following is NOT recorded in the Journal?Trade DiscountCash DiscountCapital InvestmentSale of GoodsQuestion 9 of 2010. Which of the following accounts is debited when rent is paid in cash?Cash A/cRent A/cLandlord’s A/cProfit and Loss A/cQuestion 10 of 2011. What is a Journal voucher used for?Recording GST returnsFiling income taxSupporting journal entriesBalancing accountsQuestion 11 of 2012. Which of the following is not an accounting document?Tax InvoiceReceiptPersonal LetterVoucherQuestion 12 of 2013. What is the term used for goods returned to a supplier?Return InwardReturn OutwardPurchaseSales ReturnQuestion 13 of 2014. Which document is used as proof of cash payment?Tax InvoiceCash VoucherReceiptJournal VoucherQuestion 14 of 2015. A transaction affecting only two accounts is called a:Double EntrySingle EntrySimple Journal EntryCombined EntryQuestion 15 of 2016. A journal entry involving more than two accounts is known as:Personal EntryComplex EntrySingle EntryCompound EntryQuestion 16 of 2017. Which type of cheque is most secure?Bearer ChequeCrossed ChequeOrder ChequeBlank ChequeQuestion 17 of 2018. Which account is credited when goods are sold on credit?Debtor’s A/cPurchase A/cSales A/cCash A/cQuestion 18 of 2019. In GST, the tax on goods like butter, jam, and mobile phones falls under which slab?0%5%12%28%Question 19 of 2020. Which account is debited when salary is paid in cash?Cash A/cSalary A/cCapital A/cIncome A/cQuestion 20 of 20 Loading...
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