MCQ Chapter 5 Accountancy Class 11 Maharashtra Board Subsidiary Books 1. What does the Petty Cashier submit to the Head Cashier at the end of the period under Imprest System?Loan statementJournal entriesSummary of expensesLedgerQuestion 1 of 202. Which of the following is not a type of Cash Book?Single columnTwo columnThree columnJournal ProperQuestion 2 of 203. What is the first step in recording a transaction in accounting?Posting in ledgerPreparing trial balanceRecording in Journal or Subsidiary BookPreparing balance sheetQuestion 3 of 204. What is recorded in the Purchase Return Book?Cash purchasesCredit purchasesReturns of credit purchasesReturns of fixed assetsQuestion 4 of 205. What is the purpose of the Bank column in the Two-column Cash Book?Record cash purchasesRecord non-cash itemsRecord banking transactionsRecord incomeQuestion 5 of 206. What does the Credit Note indicate?That the account is debitedThat the account is creditedThat cash is withdrawnThat loan is takenQuestion 6 of 207. What is the correct entry for direct deposit by customer into bank?Cash A/c Dr.To Customer A/cCustomer A/c Dr.To Bank A/cBank A/c Dr.To Customer A/cBank A/c Dr.To Sales A/cQuestion 7 of 208. In a Two-column Cash Book, if the payment side of Bank column is more than receipt side, it indicates:ProfitCash BalanceBank OverdraftCapitalQuestion 8 of 209. Where is cash received from debtors recorded?Journal ProperPetty Cash BookLedgerCash BookQuestion 9 of 2010. Which Subsidiary Book is also called the Bought Day Book?Sales BookPurchase BookJournal ProperPetty Cash BookQuestion 10 of 2011. What is recorded in the Analytical Petty Cash Book?All major cash receiptsDifferent types of small expenses in separate columnsOnly large expensesBank transactionsQuestion 11 of 2012. Which document accompanies the Sales Return Book entry?InvoiceCredit NoteDebit NoteVoucherQuestion 12 of 2013. What does a Trial Balance show?Only profitOnly debit balancesEquality of debits and creditsOnly cash transactionsQuestion 13 of 2014. Which book is prepared for goods returned by customers?Purchase BookSales BookSales Return BookPetty Cash BookQuestion 14 of 2015. What is posted from the Sales Book?All cash salesAll credit salesAll cash purchasesAll petty cash expensesQuestion 15 of 2016. What is recorded in the Ledger?Final accountsJournal entriesClassified transactions from Subsidiary BooksProfit and lossQuestion 16 of 2017. If a cheque issued is dishonoured, which account is credited?Bank A/cPerson’s A/cCapital A/cSales A/cQuestion 17 of 2018. Which of the following is not a feature of Subsidiary Books?Saves timeSpecialization of workIncreases complexityDivision of workQuestion 18 of 2019. What is the nature of Sales Book entries?Debit onlyCredit onlyBoth debit and creditOnly for cashQuestion 19 of 2020. Where are all non-routine transactions recorded?Petty Cash BookJournal ProperPurchase BookSales Return BookQuestion 20 of 20 Loading...
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