MCQ Chapter 5 Accountancy Class 11 Maharashtra Board Subsidiary Books 1. What is the purpose of preparing the Ledger?To classify and summarize transactionsTo record petty transactionsTo calculate profitTo prepare audit reportsQuestion 1 of 202. Where is the bearer cheque received recorded if deposited into the bank later?Journal ProperCash Column and then Contra entryOnly Bank columnSales BookQuestion 2 of 203. What is a Debit Note used for?To inform a customer about a saleTo inform a seller about return of goodsTo inform bank about overdraftTo record cash transactionsQuestion 3 of 204. Which Subsidiary Book is used to record return of goods sold on credit?Purchase Return BookSales Return BookSales BookPetty Cash BookQuestion 4 of 205. What is the correct entry when bank charges are deducted?Cash A/c Dr.To Bank A/cBank A/c Dr.To Charges A/cBank Charges A/c Dr.To Bank A/cBank A/c Dr.To Bank Charges A/cQuestion 5 of 206. What is posted from the Purchase Return Book?Credit NoteDebit NoteSales BillVoucherQuestion 6 of 207. Which column of Cash Book will record a cheque received and deposited on the same day?Cash columnBank columnBoth columnsJournal ProperQuestion 7 of 208. What is the double role of a Cash Book?Trial balance and balance sheetJournal and ledgerSales and purchaseJournal and journal properQuestion 8 of 209. What happens to the bank balance in the Cash Book if interest is allowed by bank?IncreasesDecreasesRemains sameBecomes zeroQuestion 9 of 2010. What does the Petty Cash Book not usually record?Refreshment expensesSmall office purchasesCash salesCourier chargesQuestion 10 of 2011. When goods are returned by customers, what is prepared by the seller?InvoiceDebit NoteCredit NoteVoucherQuestion 11 of 2012. Which account is credited when a bearer cheque is deposited into the bank?Sales A/cCash A/cBank A/cCustomer A/cQuestion 12 of 2013. What is the treatment of stationery bought on cash?Sales BookPurchase BookCash BookJournal ProperQuestion 13 of 2014. What happens in case of a dishonoured cheque?Sales A/c is creditedCash A/c is debitedBank A/c is creditedPerson’s A/c is debitedQuestion 14 of 2015. In which book will you record the purchase of machinery on credit?Purchase BookJournal ProperCash BookPetty Cash BookQuestion 15 of 2016. What is recorded in the Ledger Folio (L.F.) column?Invoice numberVoucher numberPage number of the ledgerAmountQuestion 16 of 2017. What is the net amount called after deducting Trade Discount?Gross amountNet valueTotal expenseCommissionQuestion 17 of 2018. Which of the following books is not based on the type of transaction?Cash BookPurchase BookPetty Cash BookBalance SheetQuestion 18 of 2019. What is the correct entry when capital is introduced via bank?Cash A/c Dr.To Capital A/cBank A/c Dr.To Capital A/cCapital A/c Dr.To Bank A/cBank A/c Dr.To Cash A/cQuestion 19 of 2020. What is the entry when a crossed cheque is received from a customer?Cash A/c Dr.To Customer A/cCustomer A/c Dr.To Bank A/cBank A/c Dr.To Customer A/cSales A/c Dr.To Bank A/cQuestion 20 of 20 Loading...
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