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 etc CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
Goods purchased on cash are recorded in the :
  • A
    Cash book
    Correct
  • B
    Purchases (journal) book
  • C
    Purchases return (journal)book
  • D
    Sales (journal) book
2
Cash book does not record transaction of :
  • A
    Cash nature
  • B
    Credit nature
    Correct
  • C
    None of these
  • D
    cash and credit nature
3
Total of these transactions is posted in purchase account :
  • A
    Purchase of stationery
  • B
    Purchase of furniture
  • C
    Purchases return
  • D
    Cash and credit purchase
    Correct
4
Negative balance of bank account in cash book shows:
  • A
    Cash withdrawn from bank
  • B
    Overdraft
    Correct
  • C
    None of these
  • D
    Cash deposited in our bank
5
Double column cash book records:
  • A
    Only cash transactions
  • B
    Only credit transactions
  • C
    Cash and bank transactions
    Correct
  • D
    All transactions
6
Balancing of account means :
  • A
    Total of debit side
  • B
    None of these
  • C
    Total of credit side
  • D
    Difference in total of debit & credit
    Correct
7
The owner invests personal cash in the business.
  • A
    Assets: Increase, Liabilities: No Effect, Equity: Increase
    Correct
  • B
    Assets: Decrease, Liabilities: Decrease, Equity: Decrease
  • C
    Assets: No Effect, Liabilities: Decrease, Equity: No Effect
  • D
    Assets: No Effect, Liabilities: Increase , Equity: No Effect
8
Payment of Bank loan will effect_____
  • A
    Assets: Decrease, Liabilities: Decrease
    Correct
  • B
    Assets: Increase, Liabilities: Increase
  • C
    Assets: Decrease, Liabilities: Increase
  • D
    Assets: Increase, Liabilities: Decrease
9
Cash book is a _______ journal.
  • A
    Subsidiary
    Correct
  • B
    Purchase
  • C
    Cash
  • D
    Proper
10
In Journal proper, only_______ discount is recorded.
  • A
    Credit
  • B
    Total
  • C
    Cash
    Correct
  • D
    Trade
11
Debit means
  • A
    An increase in equity
  • B
    An increase in assets
    Correct
  • C
    An increase in liability
  • D
    An decrease in assets
12
Assets sold on credit are entered in _______
  • A
    Sales Journal
  • B
    Purchase Journal
  • C
    Assets Journal
  • D
    Journal Proper
    Correct
13
Cash book does not record the _______transactions.
  • A
    Cash Sales
  • B
    Cash Purchase
  • C
    Credit
    Correct
  • D
    None of these
14
The amount paid to the petty cashier at the beginning of a period is known as _____ amount.
  • A
    None of these
  • B
    Debit
  • C
    Cash
  • D
    Imprest
    Correct
15
Which of following is not an advantage of a subsidiary book?
  • A
    Leads to specialization
  • B
    Difficult to maintain
    Correct
  • C
    Division of work
  • D
    Quick availability of required information