MCQ Chapter 3 Accountancy Class 11 Maharashtra Board Journal 1. Goods withdrawn by the proprietor for personal use should be credited to:Cash A/cSales A/cPurchases A/cDrawings A/cQuestion 1 of 202. What is a specimen of a document called in the Journal?VoucherSpecimenIllustrationFormatQuestion 2 of 203. GST was implemented in India on:1st Jan 20161st July 20171st April 201831st March 2015Question 3 of 204. The input GST account is:ExpenseLiabilityAssetIncomeQuestion 4 of 205. Sales returns are also called:Return OutwardSales A/cReturn InwardPurchase ReturnQuestion 5 of 206. If goods worth ₹5,000 are destroyed by fire and insurance company does not accept the claim, which account is debited?Insurance A/cGoods A/cLoss by Fire A/cSales A/cQuestion 6 of 207. Which discount is not recorded in the books of accounts?Cash DiscountGST DiscountTrade DiscountBank DiscountQuestion 7 of 208. What is the account type of Capital?PersonalNominalRealHybridQuestion 8 of 209. Which of the following is NOT a type of cheque?Order ChequeCrossed ChequeInvoice ChequeBearer ChequeQuestion 9 of 2010. What is journalising?Posting in ledgerClassifying transactionsRecording transactions in journalWriting narrationQuestion 10 of 2011. Which account is credited when goods are given as free samples?Advertisement A/cSales A/cPurchases A/cDrawings A/cQuestion 11 of 2012. Which GST rate applies to luxury items like cars and tobacco?5%12%18%28%Question 12 of 2013. What is the main purpose of narration in a journal entry?To show the balanceTo provide brief explanation of the transactionTo indicate discountTo specify ledger folioQuestion 13 of 2014. Which type of GST is charged by the Central Government?SGSTCGSTIGSTVATQuestion 14 of 2015. Which of the following is an external voucher?Taxi fare slipInternal memoDebit NoteBus fare billQuestion 15 of 2016. If goods worth ₹10,000 are lost in transit and the full insurance claim is received, which account is debited?Goods Lost A/cLoss in Transit A/cInsurance Company A/cPurchases A/cQuestion 16 of 2017. What is recorded in the 'Particulars' column of the Journal?Names of the partiesLedger page numbersNames of debit and credit accounts with narrationDatesQuestion 17 of 2018. What does the term “LF” stand for in the journal?Ledger FormatList FolioLedger FolioLedger FormQuestion 18 of 2019. In GST, what does SAC stand for?Simple Accounting CodeSales and CommissionService Accounting CodeSpecial Adjustment CodeQuestion 19 of 2020. If a company receives ₹1,900 from Kartik and allows ₹100 as discount, which account is credited?Discount Allowed A/cKartik’s A/cSales A/cCash A/cQuestion 20 of 20 Loading...
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