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
If both cash and bank columns are affected by any transactions it is called a
  • A
    Contra entry
    Correct
  • B
    Single Entry
  • C
    Double Entry
  • D
    None of these
2
Which of the following transaction will not be recorded in the purchase book
  • A
    Purchase of goods for cash
  • B
    Purchase of assets meant for long term not for resale purpose
  • C
    Both
    Correct
  • D
    None of these
3
Following items should be subtracted which decrease the pass book balance and increase the cash book balance except
  • A
    Cheques paid into the bank but dishonored.
  • B
    Cheques issued but not yet presented
    Correct
  • C
    Direct payments made by the bank
  • D
    Cheques sent to the bank for collection but not yet credited by the bank.
4
_____ Note contains the name of suppliers to whom goods are being ___
  • A
    Credit, Purchased
  • B
    Debit, Purchased
  • C
    Debit , Returned
    Correct
  • D
    Credit, Returned
5
_______ is drawn by the seller of goods to the buyer and is returned by the buyer after accepting it
  • A
    Bill Receivable
    Correct
  • B
    Bill Payable
  • C
    Debtor
  • D
    Creditor
6
Which of the following transactions is not recorded in the Journal Proper
  • A
    Sale of goods in cash
    Correct
  • B
    Opening entries
  • C
    Transfer entries
  • D
    Adjustments entries
7
Which of the following is also known as Principle Book of Accounts
  • A
    Ledger
    Correct
  • B
    Journal
  • C
    Cash Book
  • D
    Imprest system
8
When Double column cash book is maintained
  • A
    Bank account is opened
    Correct
  • B
    Sale account is not opened
  • C
    Sales returned account is not opened
  • D
    Purchase account is not opened
9
Real account (which include cash and all other assets) will usually show
  • A
    None
  • B
    Credit Balance
  • C
    Both
  • D
    Debit Balance
    Correct
10
Nominal accounts are transferred to ___________ of the firm
  • A
    Balance Sheet and Profit and Loss A/c
  • B
    None of these
  • C
    Trading and Profit and Loss A/c
    Correct
  • D
    Trading and Balance Sheet
11
Debit balance of any account mean an ______ whereas Credit Balance means a ______
  • A
    Expense , Income
  • B
    All of these
    Correct
  • C
    Assets, Capital
  • D
    Assets, Liability
12
When posting of all transactions into ledger is completed and accounts are balanced off then the balance of each account is put on a list called
  • A
    Ledger
  • B
    Journal
  • C
    Cash book
  • D
    Trial Balance
    Correct
13
Account is not entered in trial balance which shows
  • A
    There is no as such account
  • B
    Credit balance
  • C
    Debit balance
  • D
    No balance
    Correct
14
If there is excess debit in the trial balance the difference is posted to the
  • A
    Credit side of Ledger account
  • B
    Credit side of Ledger account
  • C
    Debit side of Suspense account
  • D
    Credit side of Suspense account
    Correct
15
Debit side of Suspense account is shown on the
  • A
    Debit side of Profit and Loss
  • B
    Credit side of balance sheet
  • C
    Asset side of Profit and Loss
  • D
    Asset side of balance sheet
    Correct