Class 11 Accountancy Practice Set: Chapter 03 Recording of Transactions-I
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SOURCE DOCUMENTS
I MULTIPLE CHOICE QUESTIONS
1. Cash memo is prepared when goods are sold
(a) On credit
(b) On cash
(c) Both (a) and (b)
(d) None of these
2. Invoice is a source voucher for seller of goods
(a) For cash sales
(b) For credit purchases
(c) For credit sales
(d) For cash purchase
3. Cash memo is
(a) A sources voucher
(b) An accounting voucher
(c) Neither (a) and (b)
(d) Both (a) and (b)
4. Books of account are written on the basis of
(a) Source document
(b) Accounting vouchers
(c) Both (a) and (b)
(d) None of these
5. Credit note is prepared
(a) When credit is given to the account
(b) When debit is given to the account
(c) Both (a) and (b)
(d) None of the above
6. When goods are sold on credit the seller prepares
(a) Cash memo
(b) Invoice
(c) Accounting voucher
(d) None of these
II State whether the following statements are True and False
(a) Cash memo is a source voucher for purchaser of goods on credit.
(b) Accounting voucher is prepared from source voucher
(c) If seller receives back the goods sold he prepares credit note.
III Fill in the blanks
(a) When goods are purchased against cash, the purchaser will get______.
(b) When goods are sold on credit the seller prepares an ______.
(c) Cash memo is a ______ voucher.
IV Short Answer Questions
1. What are source documents?
2. Write short notes on the following:
a. Cash Memo
b. Invoice
c. Receipt
d. Pay-in-Slip
e. Cheque
f. Debit Note
g. Credit Note
h. Accounting voucher
i. Cash voucher
j. Debit Voucher
k. Credit voucher
l. Transfer voucher
3. Prepare the vouchers from the following:
2015
July 1 Received cash from Susanna & Co on account vide cash receipt No.777 Rs.12,000
July 09 Commission received vide cash receipt No.753
July 18 Sold ladies bags for cash vide Cash memo nos. 507-510
July 27 Sold old furniture vide Cash Memo No.1340.
4. Make a project on Source documents through collecting the specimen of the following:
(a) Cash Memo
(b) Invoice
(c) Receipt
(d) Pay-in-Slip
(e) Cheque
(f) Debit Note
(g) Credit Note
(h) Transfer Voucher
(i) Debit voucher and
(j) Credit Voucher
Please click on below link to download CBSE Class 11 Accountancy Source Documents Worksheet Set B
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Download CBSE Practice Material: Class 11 Accountancy Chapter 03 Recording of Transactions-I
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