Practice CBSE Class 11 Accountancy Recording of Transactions - II MCQs Set A provided below. The MCQ Questions for Class 11 Chapter 4 Recording of Transactions-II Accountancy with answers and follow the latest CBSE/ NCERT and KVS patterns. Refer to more Chapter-wise MCQs for CBSE Class 11 Accountancy and also download more latest study material for all subjects
MCQ for Class 11 Accountancy Chapter 4 Recording of Transactions-II
Class 11 Accountancy students should review the 50 questions and answers to strengthen understanding of core concepts in Chapter 4 Recording of Transactions-II
Chapter 4 Recording of Transactions-II MCQ Questions Class 11 Accountancy with Answers
MCQs
(a) Output CGST A/c
(b) Output IGST A/c
(c) Input IGST A/c
(d) Output SGST A/c
(a)Total of debit side
(b) Total of credit side
(c) Difference in total of debit & credit
(d) None of these
(a) ₹ 1,30,000
(b) ₹ 2,30,000
(c) ₹ 1,80,000
(d) ₹ 90,000
(a) Simple cash – book
(b) Petty cash – book
(c) Triple column
(d) None of these.
(b) Payment
(c) Contra
(d) None of the above.
Answer : D
(a) Personal Account
(b) Real Account
(c) Nominal Account
(d) Liability Account
(a) Purchase book
(b). Purchases return book
(c) Sales book
(d) Ledger
Answer : D
(a) Credited, Debited
(b) Credited, Credited
(c) None of the options
(d) Debited , credited
(a) Ram
(b) Cash
(c) Sales
(d) Purchases
(a) 8
(b) 7
(c) 6
(d) 12
(a) Total of debit side
(b) Total of credit side
(c) Difference in total of debit & credit
(d) None of these
(a) Primary entry
(b) Final entry
(c) None of the options
(d) Secondary entry
(a) Opening entries
(b) Closing entries
(c) Adjustment entries
(d) All of the above
Answer : D
(a) Assets and liabilities
(b) Expenses, losses and incomes
(c) Debtors and creditors
(a) An expense
(b) A profit
(c) A liability
(d) An asset
(a) Added to Bank Balance
(b) Subtracted From Bank Balance
(c) Subtracted From the Cash Book Balance
(d) Added to Cashbook Balance
Answer : A
(a) Personal
(b) Real
(c) Non – real
(d) None of these.
(a) Purchase book
(b) Journal book
(c) Cash – book
(d) None of these.
(a) Personal
(b) Real
(c) Nominal
(d) Expense
(a) Journal Proper
(b) Purchases (journal) book
(c) Sales (journal) book
(d) Bank and cash accounts in the ledger
(a) Sales a/c
(b) Purchases a/c
(c) Charity a/c
(d) Trustee a/c
Answer : B
(a) Expense/Expenditure
(b) Profit/Gain
(c) Asset
(d) Liability
(a) Sale of asset on credit
(b) Sale of asset for cash
(c) Sale of goods for cash
(d) Sale of goods on credit
(a) Machinery A/c
(b) Installation A/c
(c) Cash A/c
(d) Wages A/c
(a) Sales a/c
(b) Loss a/c
(c) Profit and loss a/c
(d) Purchases a/c
Answer : D
(a) Creditors
(b) Debentures
(c) Profit
(d) Capital.
Answer : D
(a) Overdraft
(b) Cash deposted in our bank
(c) Cash withdrawn from bank
(d) None of these
(a) Sales account
(b) Goods account
(c) Purchases return account
(d) Sales return account
(a) Cash receipts and payments
(b) Cash and Credit sales of goods
(c) Cash and Credit Purchase
(d) Credit Purchase of goods only.
(a) Purchases (journal) book
(b) Sales (journal) book
(c) Cash book
(d) Purchases return (journal) book
(a) Debit voucher
(b) Credit voucher
(c) Cash voucher
(d) Transfer voucher
Answer : D
(a) Keeping systematic recording of business transaction is not the function of financial accounting.
(b) Accounting is concerned with monetary transactions.
(c) Accounting is concerned with past as well as future events.
(d) Business and businessman are same identity from the accounting point of view.
(a) An Asset
(b) A Liability
(c) An Income
(d) An Expense
Question : Double column cash book records
(a) All transactions
(b) Cash and bank transactions
(c) Only cash transactions
(d) Only credit transactions
Answer : B
Question : Cash book does not record transaction of:
(a) Cash nature
(b) Credit nature
(c) Cash and credit nature
(d) None of these
Answer : B
Question : The periodic total of sales return journal is posted to :
(a) Sales account
(b) Goods account
(c) Purchases return account
(d) Sales return account
Answer : D
Question : The periodic total of purchases return journal is posted to :
(a) Purchase account
(b) Profit and loss account
(c) Purchase returns account
(d) Furniture account
Answer : C
Fill in the Correct Words
Question : In double column cash book _______ transactions are also recorded.
Answer : Bank
Answer : False
Answer : cash, bank
Answer : Float
Answer : Imprest
Answer : subsidiary
Answer : credit
Answer : Subsidiary
Answer : Profit and loss Account.
Answer : More
Answer : Cash
Answer : journal proper
Answer : Purchases Return
Answer : Narration
Question : In Journal proper, only _________ discount is recorded.
Answer : Cash
Question : Assets sold on credit are entered in __________
Answer : Journal Proper
Question : Total of the debit side of cash book is _______ than the credit side.
Answer : More
Question : In double column cash book _______ transactions are also recorded.
Answer : Bank
Question : The amount paid to the petty cashier at the beginning of a period is known as ________ amount.
Answer : Imprest
State whether the following statements are True or False
Question : Journal is a book of secondary entry. (False)
Question : Assets sold, on credit are entered in sales journal. (False)
Question : Cash sales are entered in sales journal. (False)
Question : Ledger is a subsidiary book. (True)
Question : Cash received is entered on the debit side of cash book. (True)
Question. Balancing of account means total of debit and credit side. (False)
Question. Assets sold on credit are entered in sales journal. (False)
Question. Journal is a book of secondary entry. (False)
Question. Cash book records transactions relating to receipts and payments. (True)
Question. Balancing of account means total of debit and credit side. (False)
Question. Credit purchase of machine is entered in purchase journal. (False)
Question. Cash received is entered on the debit side of cash book. (True)
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Important Practice Resources for Class 11 Accountancy
MCQs for Chapter 4 Recording of Transactions-II Accountancy Class 11
Students can use these MCQs for Chapter 4 Recording of Transactions-II to quickly test their knowledge of the chapter. These multiple-choice questions have been designed as per the latest syllabus for Class 11 Accountancy released by CBSE. Our expert teachers suggest that you should practice daily and solving these objective questions of Chapter 4 Recording of Transactions-II to understand the important concepts and better marks in your school tests.
Chapter 4 Recording of Transactions-II NCERT Based Objective Questions
Our expert teachers have designed these Accountancy MCQs based on the official NCERT book for Class 11. We have identified all questions from the most important topics that are always asked in exams. After solving these, please compare your choices with our provided answers. For better understanding of Chapter 4 Recording of Transactions-II, you should also refer to our NCERT solutions for Class 11 Accountancy created by our team.
Online Practice and Revision for Chapter 4 Recording of Transactions-II Accountancy
To prepare for your exams you should also take the Class 11 Accountancy MCQ Test for this chapter on our website. This will help you improve your speed and accuracy and its also free for you. Regular revision of these Accountancy topics will make you an expert in all important chapters of your course.
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