MCQ Chapter 3 Accountancy Class 11 Maharashtra Board Journal 1. What is the nature of Discount Received Account?RealNominalPersonalCapitalQuestion 1 of 202. How many parties are involved in a cheque transaction?TwoThreeFourFiveQuestion 2 of 203. What does HSN code refer to in GST?Harmonised Stock NomenclatureHigh Selling NumberHarmonised System of NomenclatureHigh Standard NomenclatureQuestion 3 of 204. When cash is deposited into a bank, which account is debited?Cash A/cBank A/cDepositor A/cCapital A/cQuestion 4 of 205. In a cash sale, which account is credited?Purchases A/cCapital A/cSales A/cBank A/cQuestion 5 of 206. When goods are returned by a customer, which account is debited?Sales A/cReturn Outward A/cReturn Inward A/cPurchases A/cQuestion 6 of 207. Which document is prepared when a business receives payment?Credit MemoTax InvoiceReceiptPurchase VoucherQuestion 7 of 208. Which of the following is a Real Account?Capital A/cCash A/cRent A/cDiscount Received A/cQuestion 8 of 209. When machinery is bought and transport charges are paid separately, which account is debited?Wages A/cTransport A/cMachinery A/cInstallation A/cQuestion 9 of 2010. What is the full form of GST?Goods and Service TransferGovernment Sales TaxGoods and Service TaxGeneral Supply TaxQuestion 10 of 2011. A cheque issued in someone’s name and crossed with two lines is a:Bearer ChequeOrder ChequeCrossed Account Payee ChequeCash ChequeQuestion 11 of 2012. Which transaction requires a combined journal entry?Paid salaryPurchased goodsSold goods and received part paymentPaid for rentQuestion 12 of 2013. Which document lists quantity, rate, tax, and total amount payable?ReceiptTax InvoiceChequeMemoQuestion 13 of 2014. What type of discount is offered for prompt payment?Trade DiscountCredit DiscountCash DiscountQuantity DiscountQuestion 14 of 2015. When business starts with cash, what is the journal entry?Cash A/c Dr.To Purchases A/cCash A/c Dr.To Capital A/cCapital A/c Dr.To Cash A/cBank A/c Dr.To Cash A/cQuestion 15 of 2016. Which of the following is not part of the journal format?ParticularsDebitVoucher NumberCreditQuestion 16 of 2017. When goods are stolen, the loss is debited to:Purchases A/cLoss by Theft A/cSales A/cCash A/cQuestion 17 of 2018. Which GST rate applies to everyday items like tea, oil, and spices?0%5%12%28%Question 18 of 2019. If wages and salary are paid together, the entry is:Wages A/c Dr.To Cash A/cSalaries A/c Dr.To Cash A/cWages A/c Dr.Salaries A/c Dr.To Cash A/cCash A/c Dr.To Wages A/c and Salaries A/cQuestion 19 of 2020. A journal entry with only one debit and one credit is known as a:Triple EntrySimple EntryVoucher EntrySummary EntryQuestion 20 of 20 Loading...
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