CBSE Class 11 Accountancy Subsidiary Books II Other Books Worksheet

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Worksheet for Class 11 Accountancy Chapter 4 Recording of TransactionsI

Class 11 Accountancy students should refer to the following printable worksheet in Pdf for Chapter 4 Recording of TransactionsI in Class 11. This test paper with questions and answers for Class 11 will be very useful for exams and help you to score good marks

Class 11 Accountancy Worksheet for Chapter 4 Recording of TransactionsI

Question. Which account will be debited if proprietor pays Rs 5,000 as life insurance premium from business cash?
(a) Cash A/c
(b) Bank A/c
(c) Insurance A/c
(d) Drawings A/c
Answer. D

Question. Payment of wages for installation of machinery will be recorded as
(a) Debit Machinery A/c and credit Cash A/c
(b) Debit Cash A/c and credit Machinery A/c
(c) DebitWages A/c and credit Cash A/c
(d) None of the above
Answer. A

Question. Which of the following is/are an advantage of maintaining petty cash book?
(a) Saving of time and efforts of chief cashier
(b) Effective control over cash disbursements
(c) Convenient recording
(d) All of the above
Answer. D

Question. A cheque for Rs 10,000 is received from P on 7th August, 2021 and it is endorsed to M on 9th August, 2021. What will be the journal entry passed on 9th August?
(a) Cheques-in-hand A/c Dr 10,000
To M’s A/c 10,000
(b) M’s A/c Dr 10,000
To Cheques-in-hand 10,000
(c) Cheques-in-hand A/c Dr 10,000
To P’s A/c 10,000
(d) Cheques-in-hand A/c Dr 10,000
To M’s A/c 10,000
Answer. B

Question. When a cash book is maintained, a separate cash book in the ledger is not opened.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. A

Question. Cash purchase of goods is recorded in ……… .
(a) Sales book
(b) Cash book
(c) Purchase book
(d) None of these
Answer. B

Question. Purchase book records all cash purchases of goods.
(a) True
(b) False
(d) Can’t say
(d) Partially true
Answer. B

Question. Which of the following is/are not recorded in purchase book?
(i) Cash purchase of goods worth Rs 5,000.
(ii) Purchase of furniture on credit worth Rs 75,000.
(iii) Purchase of stationery of Rs 3,000 on credit.
(a) Only (i)
(b) (ii) and (iii)
(c) (i) and (iii)
(d) (i), (ii) and (iii)
Answer. D

Question. If XYZ Electronics Ltd. purchases 20 TV @ Rs 2,000 per piece and 15 tape recorders @ Rs 12,500 per piece. There was a trade discount of 20%.What will be the amount recorded in purchase book?
(a) Rs 40,000
(b) Rs 1,87,500
(c) Rs 2,27,500
(d) Rs 1,82,000
Answer. D

Question. All credit sales of merchandise are recorded in the sales journal.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. A

Question. Cash sales are recorded in the …….. .
(a) Sales book
(b) Cash book
(c) Purchase book
(d) None of these
Answer. B

Question. Assets sold on credit will be entered in ……… .
(a) Sales book
(b) Journal proper
(c) Purchase book
(d) None of these
Answer. B

Question. The source document for recording entries in the sales journal are sales invoice or bill issued by the firm to the customer.
(a) True
(b) False
(c) Can’t say
(d) Partially true
Answer. A

Question. M/s ABC Suppliers sold on credit
(i) Two water purifiers @ Rs 2,100 each and
(ii) Five buckets @ Rs 130 each to M/s BCD Traders.
What will be the amount shown in sales book?
(a) Rs 4,200
(b) Rs 2,230
(c) Rs 650
(d) Rs 4,850
Answer. D

Question. Sales account always shows …………….. balance.
(a) debit
(b) credit
(c) Either (a) or (b)
(d) Can’t say
Answer. B

Question. The balance of sales column in sales book is Rs 90,000. If Rs 3,000 is recovered from debtors, what will be the balance in the sales book?
(a) Rs 90,000
(b) Rs 93,000
(c) Rs 87,000
(d) None of these
Answer. A

Question. Purchase return of goods is recorded in …………..
(a) Purchase return book
(b) Purchase book
(c) Cash book
(d) None of the above
Answer. A

Question. A ……………… is a document evidencing a debit to be raised against a party for reasons other than sale on credit.
(a) debit note
(b) credit note
(c) written note
(d) None of these
Answer. A

Question. A ………………… is prepared, when a party is to be given a credit for reasons other than credit purchase.
(a) credit note
(b) debit note
(c) written note
(d) None of these
Answer. A

Question. A debit note is prepared by
(a) Purchaser
(b) Seller
(c) Cashier
(d) None of these
Answer. A

Question. SDF Ltd. returned 2 washing machines purchased from GHJ Ltd. at the list price of Rs 21,000 per machine less trade discount of 20%, CGST and SGST was paid at 6% each. What will be the amount to be recorded in purchases return book?
(a) Rs 33,600
(b) Rs 47,040
(c) Rs 37,632
(d) Rs 18,816
Answer. A

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

Question. The ……… book is used to record return of goods by customers that had been sold to them on credit.
(a) sales return
(b) sales
(c) cash
(d) None of these
Answer. A


CBSE Class 11 Accountancy Chapter 4 Recording of Transactions II Case Based MCQs

Direction Read the following case study and answer questions on the basis of the same.

Khandelwal & Sons is a manufacturing firm.
Following information about it is available
Assets Cash in hand Rs 1,00,000; Cash at bank
Rs 1,10,000; Debtors (Karun Rs 90,000; Geeta
Rs 50,000); Stock Rs 3,20,000 and Machinery
Rs 4,00,000.
Liabilities Creditors: Avinash & Co.
Rs 70,000.

The following transactions took place during the month of January, 2021.
Jan 2 Deposited into bank Rs 30,000.
Jan 4 Purchased from Raghav goods of the list price of Rs 70,000 at 10% trade discount.
Jan 5 Returned to Raghav goods worth Rs 8,000.
Jan 7 Issued a cheque to Raghav in full settlement of their account after deducting cash discount @ 5%.
Jan 10 Sold to Dishant goods worth Rs 80,000.
Jan 12 Received cash Rs 60,000 and cheque Rs 8,000 from Dishant. The cheque was sent to bank on the same day. Discount allowed Rs 1,000.
Jan 14 Purchased machinery from Ronak & Co. on credit for Rs 50,000.
Jan 16 Khandelwal withdrew goods for his personal use Rs 20,000.
Jan 18 Sold to Anuj goods valued Rs 32,000.
Jan 19 Issued cheque to Ronak & Co. Rs 50,000.
Jan 20 Returned by Anuj goods worth Rs 4,000.
Jan 21 Purchased goods from Gaurav for Rs 80,000. Trade discount 10%.
Jan 22 Accepted a bill drawn by Gaurav for Rs 72,000 at 1 month.
Jan 27 Received from Anuj Rs 20,000. Discount allowed Rs 100.
Jan 27 Goods purchased for cash Rs 60,000.
Jan 28 Withdrew from bank Rs 40,000.
Jan 29 Paid salaries by cheque Rs 10,000.
Jan 30 Paid rent Rs 5,600.
Jan 31 Received commission in cash Rs 3,200.

Questoin. Purchase of goods from Raghav on 4th January will be recorded on that date in
(a) Cash book
(b) Purchase book
(c) Journal proper
(d) None of the above
Answer. B

Questoin. What amount is finally paid to Raghav on 7th January?
(a) Rs 62,000
(b) Rs 63,000
(c) Rs 55,000
(d) Rs 52,250
Answer. D

Questoin. What will be the balance in sales book as on 31st January?
(a) Rs 80,000
(b) Rs 32,000
(c) Rs 1,12,000
(d) Rs 1,08,000
Answer. C

Questoin. What will be the balance in sales return book and purchase return book respectively on 31st January?
(a) Rs 4,000; Rs 8,000
(b) Rs 8,000; Rs 4,000
(c) Rs 8,000; Rs 16,000
(d) None of the above
Answer. A

Questoin. Which of the following entry represents contra entry?
(a) Purchases from Raghav on 4th January.
(b) Goods sold to Anuj on 18th January.
(c) Amount withdrawn from bank on 28th January.
(d) None of the above
Answer. C

 

Direction Read the following case study and answer questions on the basis of the same.

Karim & Co., a saree dealer has the following transactions for the month of January.
Jan 4 Returned to Mohan Mills, Kerala,10 polyester sarees @ Rs 1,600 each.
(−) Trade discount @ 10% (Debit note no. 101).
Jan 8 Srimala Mills, Kota accepted the returns of goods (which were purchased for cash) from us, 8 Kota sarees @ Rs 640 each (Debit note no. 102).
Jan 12 Returned to Sonica Mills, Bombay, 12 silk sarees @ Rs 1,040 each. (−) Trade discount @ 10% (Debit note no. 103).
Jan 30 Returned one typewriter (being defective) @ Rs 7,200 to Vishaka & Co. 

Questoin. What will the total amount recorded in the purchase returns book relating to the returns to Mohan Mills on 4th January?
(a) Rs 16,000
(b) Rs 14,400
(c) Rs 17,600
(d) None of these
Answer. B

Questoin. In which of the following books, will the return of Kota Sarees on 8th January be recorded?
(a) Purchase returns book
(b) Journal
(c) Cash book
(d) None of the above
Answer. C

Questoin. In which of the following books, will the return of typewriter on 30th January be recorded?
(a) Purchase returns book
(b) Journal proper
(c) Cash book
(d) None of the above
Answer. B

Questoin. What will be the total amount reflected in purchase returns book as on 31st January?
(a) Rs 25,632
(b) Rs 14,400
(c) Rs 11,232
(d) Rs 28,480
Answer. A

Questoin. Which of the following statements regarding a debit note is correct?
(a) A debit note is a source document that is prepared when goods are returned to a supplier.
(b) On finding that goods supplied are not as per the terms of the order placed, the defective goods are returned to the supplier of the goods and a note is prepared to debit the supplier.
(c) When an additional sum is recoverable from a customer, such a note is prepared to debit the customer with the additional dues.
(d) All of the above
Answer. D

ASSIGNMENT- 7 TOPIC – SUBSIDIARY BOOKS II- OTHER BOOKS

Q1) What is meant by book of original entry?

Q2) What is Journal Proper?

Q3) Distinguish between trade discount and cash discount.

Q4) Differentiate between Purchases Book and Purchase Journal.

Q5) On Jan. 1, 2010, Mohan’s assets were:

Cash: Rs. 2,000

Due from Jeevan: Rs.1,000

Stores: Rs.3,000

Furniture: Rs. 500

Due to Kishore: Rs.2,000

The following transactions took place:

Jan.2 Purchased furniture from Hitesh: Rs.200

Jan. 5 Received payment from Jeevan, discount allowed being 2%

Jan. 8 Sold to Mahendra 10 watches. Sent invoice at Rs. 30 per watch, allowed 10% trade discount.

Jan. 20 Settled Kishore’s Account to the extent of Rs. 1,000 only, he allowed 2 ½ % discount.

Jan. 25 Purchased from Kishore goods of the list price of Rs. 1,500. He allowed 20% trade discount.

Jan. 28 Paid the amount due to Hitesh.

Jan. 31 Paid salaries Rs.200 and rent Rs. 100.

Prepare Mohan’s subsidiary books.

Q6) From the following transactions of the month of April, 2001, prepare the Journal Proper of Jindal & Co., a saree dealer , who also maintains Purchases Book, Sales Book, Returns Books and cash book: Date Transaction

1 Purchased on credit from Goyal Mills, Surat 25 polyester sarees @ Rs. 60 each.

3 Purchased on credit from Bansal & Co., 2 typewriters @ Rs. 2,100 each.

5 Sold on credit to Goyal & Co., 5 polyester sarees @ Rs. 75 Each.

6 Returned one typewriter (being defective) @ Rs.2,100 to Bansal & Co.

8 Sold on credit two old typewriters to Murli @ Rs.300 each.

10 Sold for cash to Garg & Co., 20 Kota sarees @ Rs. 30 each.

12 Returned to Goyal mills, Surat 5 polyester sarees @ Rs. 60 each.

14 Murli returned one old typewriter @ Rs.300.

 

Chapter 06 Trial Balance and Rectification of Errors
CBSE Class 11 Accountancy Rectification Of Errors Worksheet
Chapter 07 Depreciation, Provisions and Reserves
CBSE Class 11 Accountancy Depreciation Provisions And Reserves Worksheet
Chapter 12 Applications of Computers in Accounting
CBSE Class 11 Accountancy Applications of Computers in Accounting Worksheet

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