MCQS of Special Purpose Books II Other Books with answers
MCQS of Special Purpose Books II Other Books class 11 with answers for CBSE, ISC and State Boards
MCQS of Books of Original Entry – Special Purpose Subsidiary Books class 11 with answers for CBSE, ISC and State Boards
In Purchases Book, transactions recorded are
(a) cash purchases of goods dealt in
(b) credit purchases of goods dealt in
(c) all purchases of goods dealt in
(d) purchase of anything
Ans – (b)
Subsidiary Books are:
(a) Purchase Book
(b) Sales Return Book
(c) Bill Receivable Book
(d) All of the above
Ans – (d)
Purchase book is used to record:
(a) Purchases of goods
(b) Credit Purchases of goods
(c) Credit Purchases of asset
(d) All credit Purchases
Ans – (b)
Sales Return Book records
(a) the return of goods purchased
(b) the return of goods sold on credit
(c) the return of goods sold for cash
(d) the return of anything sold
Ans – (b)
Sales Book
(a) is a part of the Journal
(b) is a part of the Ledger
(c) is a part of the Balance Sheet
(d) is a part of the Trial Balance
Ans – (a)
Purchase return book is used to record:
(a) Return of goods purchased for cash
(b) Return of goods purchased on credit
(c) Return of assets purchased on credit
(d) All purchase returns
Ans – (b)
Recording is made in Journal Proper of:
(a) Opening Entries
(b) Closing Entries
(c) Adjustment Entries
(d) All of the above
Ans – (d)
Asset sold on credit will be recorded in:
(a) Sales Book
(b) Journal Proper
(c) Sales Returns Book
(d) Petty Cash Book
Ans – (b)
The advantages of Purchase Book are:
(a) Knowledge of total price of goods purchased on credit
(b) Price of goods purchased from each supplier
(c) Easiness in preparing ledger
(d) All of the above
Ans – (d)
Weekly or fortnightly or monthly total of the Purchases Book is
(a) posted to debit of the Purchases Account
(b) posted to debit of the Sales Account
(c) posted to credit of the Purchases Account
(d) posted to the debit of Party’s Accounts
Ans – (a)
The balance of sales column in the sales day book is ₹ 30,000, ₹ 5,000 were recovered from debtors. Then balance of sales column will be transferred by which amount?
(a) ₹ 25,000
(b) ₹ 30,000
(c) ₹ 20,000
(d) ₹ 35,000
Ans – (b)
A note sent by buyer on return of goods is
(a) Credit note
(b) Return note
(c) Debit Note
(d) None of these
Ans – (c)
Goods sold for Cash ₹ 25,000 plus 12% IGST. Sales A/c will be credited by:
(a) ₹ 22,000
(b) ₹ 25,000
(c) ₹ 28,000
(d) ₹ None of these
Ans – (b)
Debit notes issued are used to prepare:
(a) Purchases Return Book
(b) Sales Return Book
(c) Purchases Book
(d) Sales Book
Ans – (a)
—— is not a subsidiary book
(a) Purchase Return Book
(b) Bills Payable Book
(c) Ledger
(d) Sales Book
Ans – (c)
Total of the Sales Book is posted to
(a) debit of the Sales Account
(b) credit of the Sales Account
(c) debit of the Customer’s Account
(d) credit of Customer’s Accounts
Ans – (b)
Periodic total of Sales Return Journal is posted to the
(a) Sales Account
(b) Goods Account
(c) Sales Return Account
(d) Any of these
Ans – (c)
Sales book is used to record:
(a) All credit sales
(b) Credit sale of asset
(c) Credit sale of goods
(d) All credit and cash sales
Ans – (c)
Sales return book is used to record
(a) Return of goods sold for cash
(b) Return of goods sold on credit
(c) All sales returns
(d) Return of assets sold on credit
Ans – (b)
Goods purchased for cash are recorded in the
(a) Purchases Book
(b) Cash Book
(c) Purchases Return Book
(d) Cash Book and Purchases Book
Ans – (b)
Total of these transactions is posted to Purchases Account
(a) Credit purchase of furniture
(b) Purchases Return
(c) Credit purchase of goods
(d) Purchase of Stationery
Ans – (c)
Purchase of furniture on credit should be recorded in
(a) Journal
(b) Purchase Book
(c) Cash Book
(d) Journal Proper
Ans – (d)
A _ is sent t a supplier when we return goods.
(a) Debit Note
(b) Credit Note
(c) Proforma Invoice
(d) None of these
Ans – (a)
Periodic total of sales Return Journal is posted to the
(a) Sales Account
(b) Goods Account
(c) Sales Return Account
(d) Any of these
Ans – (c)
The advantages of Sales Book are:
(a) Knowledge of total price of goods sold on credit
(b) Price of goods sold to each party
(c) Easiness in preparing Trading Account
(d) All of the above
Ans – (d)
Recording is made in purchases book:
(a) After deducting trade discount
(b) After adding trade discount
(c) After deducting cash discount
(d) After adding cash discount
Ans – (a)
When goods are returned by the customer a document is prepared by the firm called
(a) Credit Note
(b) Debit Note
(c) Invoice
(d) Voucher
Ans – (a)
Sale of business asset on credit is recorded in
(a) Sales Book
(b) Journal Proper
(c) Special Journal
(d) Cash Book
Ans – (b)
Opening entry is recorded
(a) in the beginning of the accounting year
(b) at the end of the accounting year
(c) in the middle of the accounting year
(d) anytime during the year
Ans – (a)
Purchases amount is recorded
(a) After deducting Trade Discount
(b) After adding GST
(c) After adding carriage charges etc. paid by the seller
(d) All of the above
Ans – (d)
Total of Purchase Column in Purchase Book is posted to:
(a) Purchases A/c – Dr.
(b) Purchases A/c – Cr.
(c) Sales A/c – Dr.
(d) Sales A/c – Cr.
Ans – (a)
Shiv received a cheque of ₹ 10,000 from Mohan in settlement of dues of ₹ 10,500. The cheque was dishonoured. The reversal of discount allowed by Shiv will be recorded in
(a) Cash Book
(b) Journal Proper
(c) Ledger directly
(d) None of these
Ans – (b)
Goods taken by proprietor for personal use will be recorded in
(a) Purchase Book
(b) Sales Book
(c) Cash Book
(d) Journal Proper
Ans – (d)
Purchase of asset on credit is recorded in:
(a) Purchases Book
(b) Purchases Return Book
(c) Cash Book
(d) Journal Proper
Ans – (d)
Debit Note is the source of writing:
(a) A debit entry in an Account
(b) A sale of a person
(c) Sales Return Book
(d) Journal Proper
Ans – (a)
Closing entries are passed
(a) in the beginning of the accounting year
(b) at the end of the accounting year
(c) in the middle of the accounting year
(d) anytime during the year
Ans – (b)
Which of the following transactions is entered into the Journal Proper?
(a) Cash Payment to an employee for expenses
(b) Cash purchase of goods for resale
(c) Correction of an error
(d) Credit purchase of goods for resale
Ans – (c)
A separate Column is made for ‘Credit Note No.’ in
(a) Purchases Book
(b) Sales Book
(c) Purchases Return Book
(d) Sales Return Book
Ans – (d)
Purchases Book is a part of:
(a) The Journal
(b) The Ledger
(c) The Trading Account
(d) The Balance Sheet
Ans – (a)
X received a cheque of ₹ 10,000 from Y in settlement of dues of ₹ 10,500. The cheque was dishonoured. The reversal of discount allowed by X will be recorded in
(a) Cash Book
(b) Journal Proper
(c) Ledger directly
(d) None of these
Ans – (b)
In case lesser amount is recorded in sales invoice by mistake, then a __ is sent.
(a) Debit Note
(b) Credit Note
(c) Cash Note
(d) Debit or Credit Note
Ans – (a)
A trader made the following transactions. Total of Purchase Book on the basis of these transactions will be
(a) Goods purchased from Gaurav ₹ 8,000
(b) Goods purchased from Sudhir for cash ₹ 10,000
(c) Goods Purchased from Kamal on credit ₹ 25,000
(d) Machinery purchased from Dinesh on credit ₹ 40,000
(a) ₹ 83,000
(b) ₹ 73,000
(c) ₹ 33,000
(d) ₹ 25,000
Ans – (c)
Goods taken away by the proprietor from business for his personal use will be recorded in:
(a) Purchases Book
(b) Sales Book
(c) Purchases Return Book
(d) Journal Proper
Ans – (d)
Recording is made in journal proper of:
(a) All transactions
(b) Those transactions which are not recorded in any subsidiary book
(c) All cash transactions
(d) All credit Transactions
Ans – (b)
