Assertion Reason MCQS of Origin of Transactions – Source Documents and Preparation of Vouchers Class 11 with answers

Assertion Reason MCQS of Origin of Transactions – Source Documents and Preparation of Vouchers Class 11 with answers for CBSE, ISC and State Boards

Assertion Reason MCQs of Origin of Transactions – Source Documents of Accountancy Chapter Class 11 with answers for CBSE, ISC and Other State Boards

Assertion (A): Source vouchers are the evidence of transaction having entered into.

Reason (R): Based on Source Voucher, accounts to be debited and credited are determined.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct
(d) Assertion (A) is correct but Reason (R) is not correct

Ans – (a)

Assertion (A): Voucher is a source document.

Reason (R): It is used for preparing Journal/Subsidiary Books

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (d)

Assertion (A): Cash Meno is a source voucher.

Reason (R): Cash Memo is evidence os sale and purchase of goods in cash.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct
(d) Assertion (A) is correct but Reason (R) is not correct

Ans – (b)

Assertion (A): Invoice is a source document.

Reason (R): An Invoice is prepared by the seller of goods when he sells goods on credit.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (a)

Assertion (A): Cheque issued is source voucher.

Reason (R): It is source voucher being evidence of payment having been made.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct
(d) Assertion (A) is correct but Reason (R) is not correct

Ans – (b)

Assertion (A): A cheque is an order in writing drawn upon a bank to pay a specified sum to the bearer or the person named in it.

Reason (R): A pay-in-slip is used to withdraw money from the bank.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (c)

Assertion (A): Source Voucher may be cash voucher or credit voucher.

Reason (R): A transaction may be a cash or creidt transaction and thus, both are source vouchers.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct
(d) Assertion (A) is correct but Reason (R) is not correct

Ans – (b)

Assertion (A): If Rukmani sells goods to Shilpa on credit, then Rukmani will prepare a debit note.

Reason (R): If Shilpa returns goods to Rukmani, then Shilpa will prepare a debit note.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (d)

Assertion (A): Credit Vouchers are evidence of cash payments.

Reason (R): Credit Voucher is a Source Voucher.

Options:

(a) Both Assertion (A) and Reason (R) are correct but Reason (R) is not the correct explanation of the Assertion (A)
(b) Both Assertion (A) and Reason (R) are correct and Reason (R) is the correct explanation of the Assertion (A)
(c) Both Assertion (A) and Reason (R) are not correct
(d) Assertion (A) is correct but Reason (R) is not correct

Ans – (c)

Assertion (A): Voucher is prepared on the basis of Source documents.

Reason (R): A Voucher indicates as to which account is to be debited and which account is to be credited.

Options:

(a) Both (A) and (R) are true and (R) is the correct explanation of (A)
(b) Both (A) and (R) are true but (R) is not the correct explanation of (A)
(c) (A) is true, but (R) is false
(d) (A) is false, but (R) is true

Ans – (a)