Preparation Of Journal Ledger Account Etc CBSE Questions & Answers

Preparation Of Journal Ledger Account Etc

This is Accountancy Class 11 preparation of Journal, ledger account, trial, bank reconciliation statement CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
A schedule showing the items of difference between the bank statement and the bank column of Cash Book is known as
  • A
    Ledger
  • B
    Journal
  • C
    Bank Reconciliation Statement
    Correct
  • D
    Trial balance
2
Following items should be added which increase the pass book balance and decrease the cash book balance except
  • A
    Cheques issued but not yet presented.
  • B
    Credits made by the bank for Interest.
  • C
    Cheques paid into the bank but dishonored
    Correct
  • D
    Amount directly deposited by the customers in our bank A/c
3
The book in which every account is maintained is
  • A
    Capital
  • B
    Liability
  • C
    Assets
  • D
    Ledger
    Correct
4
Dr. stands for _____ and Cr stands for _____
  • A
    Debit, Credit
    Correct
  • B
    Debit, Capital
  • C
    Debit, Creditor
  • D
    Debtor, Creditor
5
______ is a written document drawn upon a specified banker and payable on demand
  • A
    Cheque
    Correct
  • B
    Debit note
  • C
    Credit Note
  • D
    Pay-in-slip
6
In ledger account use the word _____ with accounts which appear on the debit side and _____ on the credit side
  • A
    From, By
  • B
    By, To
  • C
    From, To
  • D
    To, By
    Correct
7
Arrange the following sequence of process of recording the transaction (a) Identification of financial transactions (b) Application of rule of debit and credit (c) Analysis of transactions (d) Recording the Journal. Options are as follows
  • A
    c, a, b, d
  • B
    a, c, b, d
    Correct
  • C
    a, c, d, b
  • D
    a, b, c, d
8
Received Rs 3800 from Varun in full settlement of a claim of Rs 4000. This transaction is an example of
  • A
    Transfer Entries
  • B
    Compound entries
    Correct
  • C
    Single entries
  • D
    Open Entries
9
Journal entry for ‘Goods distributed as a free sample will be
  • A
    Option A
  • B
    Option B
    Correct
  • C
    Option C
  • D
    Option D
10
When cheque received from customer and not deposited into bank same day.Whci account should be debited
  • A
    Bank A/c
  • B
    Cheques in hand A/c
    Correct
  • C
    Customer’s personal A/c
  • D
    None
11
Which of the following is false regarding cash book
  • A
    Opening balance of cash is shown in Dr side of the cash book as ‘To Balance b/d’
  • B
    Only transactions of cash receipt and payments are recorded
  • C
    All credit and cash transaction are recorded
    Correct
  • D
    This book can not shows credit balance
12
Which of the following is a contra entry
  • A
    Both
    Correct
  • B
    Cash deposited into bank
  • C
    None of these
  • D
    Withdrawn from bank
13
When there is no information is given about the disposal of received cheque
  • A
    Considered it bounced
  • B
    Considered it has been deposited into bank
    Correct
  • C
    Considered it has been paid to creditors
  • D
    Considered it as cash
14
Which of the following is false regarding Imprest system
  • A
    Both are true
  • B
    Head cashier is given money at the end of the definite period
    Correct
  • C
    Head cashier reimburses the amount actually spent the petty cashier
  • D
    Both the statements are false
15
Debit balance of a personal account means the person is a _____ of the firm whereas credit balance of a personal account indicated that the person is a _____ of the firm
  • A
    Owner , Creditor
  • B
    Creditor, Creditor
  • C
    Debtor, Creditor
    Correct
  • D
    Debtor, Owner