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MCQ Chapter 3 Accountancy Class 11 Maharashtra Board

Journal

1. What is the nature of Discount Received Account?

Question 1 of 20

2. How many parties are involved in a cheque transaction?

Question 2 of 20

3. What does HSN code refer to in GST?

Question 3 of 20

4. When cash is deposited into a bank, which account is debited?

Question 4 of 20

5. In a cash sale, which account is credited?

Question 5 of 20

6. When goods are returned by a customer, which account is debited?

Question 6 of 20

7. Which document is prepared when a business receives payment?

Question 7 of 20

8. Which of the following is a Real Account?

Question 8 of 20

9. When machinery is bought and transport charges are paid separately, which account is debited?

Question 9 of 20

10. What is the full form of GST?

Question 10 of 20

11. A cheque issued in someone’s name and crossed with two lines is a:

Question 11 of 20

12. Which transaction requires a combined journal entry?

Question 12 of 20

13. Which document lists quantity, rate, tax, and total amount payable?

Question 13 of 20

14. What type of discount is offered for prompt payment?

Question 14 of 20

15. When business starts with cash, what is the journal entry?

Question 15 of 20

16. Which of the following is not part of the journal format?

Question 16 of 20

17. When goods are stolen, the loss is debited to:

Question 17 of 20

18. Which GST rate applies to everyday items like tea, oil, and spices?

Question 18 of 20

19. If wages and salary are paid together, the entry is:

Question 19 of 20

20. A journal entry with only one debit and one credit is known as a:

Question 20 of 20


 

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