MCQ Chapter 5 Accountancy Class 11 Maharashtra Board Subsidiary Books 1. Which book records all cash and bank transactions?Journal ProperLedgerTrial BalanceCash BookQuestion 1 of 202. What is the primary purpose of Subsidiary Books?Recording adjustmentsPreparing financial statementsSub-dividing the journal based on the nature of transactionsPosting entries to the trial balanceQuestion 2 of 203. Which of the following is a book of original entry?LedgerTrial BalanceCash BookBalance SheetQuestion 3 of 204. Which Subsidiary Book is used to record credit purchases of goods?Purchase BookSales BookPetty Cash BookCash BookQuestion 4 of 205. What does a Sales Return Book record?Cash salesCredit salesReturn of goods sold on creditReturn of goods purchasedQuestion 5 of 206. What type of entry is denoted by "C" in a Cash Book with Cash and Bank column?Compound entryClosing entryContra entryCredit entryQuestion 6 of 207. Which of the following is not recorded in the Purchase Book?Credit purchases of goodsCredit purchases of furnitureCredit purchases of raw materialCredit purchases of trading stockQuestion 7 of 208. When a cheque received is dishonoured, it is recorded in the Cash Book as:To Bank A/cBy Bank A/cTo Person's A/cBy Person's A/cQuestion 8 of 209. Which account is debited when interest is charged on overdraft?Bank A/cInterest on Overdraft A/cInterest Income A/cCash A/cQuestion 9 of 2010. What is the nature of a bank overdraft balance?Debit balanceCredit balanceZero balanceCapital balanceQuestion 10 of 2011. In which Subsidiary Book are petty expenses recorded?Purchase BookJournal ProperPetty Cash BookLedgerQuestion 11 of 2012. What system is used in Analytical Petty Cash Book for maintaining a fixed amount?Credit systemAccrual systemImprest systemFIFO systemQuestion 12 of 2013. Which book records only credit sales of goods?Sales BookCash BookPurchase BookJournal ProperQuestion 13 of 2014. What is a Debit Note?Issued by the supplierIssued by the customer returning goodsIssued by the bankIssued by the governmentQuestion 14 of 2015. Which account is credited when a bank allows interest?Cash A/cInterest A/cBank A/cSales A/cQuestion 15 of 2016. Which entry is made for cash withdrawn from bank for office use in a two-column cash book?To Cash A/c / By Bank A/cTo Bank A/c / By Cash A/cTo Capital A/c / By Cash A/cTo Purchases A/c / By Bank A/cQuestion 16 of 2017. What is recorded in Journal Proper?Cash transactionsCredit purchases of goodsOpening entries, adjustments, and miscellaneous entriesPetty cash transactionsQuestion 17 of 2018. What does the Sales Return Book record?Goods sold on cashReturn of goods sold on creditReturn of fixed assetsPurchases of goodsQuestion 18 of 2019. What is the reason for maintaining Subsidiary Books?To increase total expensesFor division of work and efficiencyTo prepare budgetTo avoid paymentQuestion 19 of 2020. What type of entry is made when cash is deposited into bank?Only cash entryOnly bank entryContra entryCompound entryQuestion 20 of 20 Loading...
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