Important Questions with Answers for Class 11 CBSE Accountancy Chapter 4 Recording of Transactions 2 which is outlined by expert Accountancy teachers from the latest version of CBSE (NCERT) books.
CBSE Class 11 Accountancy Chapter – 4 Important Questions
Question 1
When a firm maintains a cash book, it need not maintain?
(a) Journal Proper
(b) Purchases (journal) book
(c) Sales (journal) book
(d) Bank and cash account in the ledger
Answer:
(d) Bank and cash account in the ledger
Also Check:Â Important Questions Chapter 5 Bank Reconciliation statement
Question 2
Double column cash book records:
(a) All transactions
(b) Cash and bank transactions
(c) Only cash transactions
(d) Only credit transactions
Answer:
(b) Cash and bank transactions
Question 3
Goods purchased on cash are recorded in the:
(a) Purchases (journal) book
(b) Sales (journal) book
(c) Cash book
(d) Purchases return (journal) book
Answer:
(c) Cash book
Question 4
Cash book does not record the transaction of:
(a) Cash nature
(b) Credit Nature
(c) Cash and credit nature
(d) None of these
Answer:
(b) Credit Nature
Question 5
Total of these transactions is posted in purchase account:
(a) Purchase of furniture
(b) Cash and credit purchase
(c) Purchases return
(d) Purchase of stationery
Answer:
(b) Cash and credit purchase
Question 6
The periodic total of sales return journal is posted to:
(a) Sales account
(b) Goods account
(c) Purchases return account
(d) Sales return account
Answer:
(d) Sales return account
Question 7
The credit balance of bank account in cash book shows:
(a) Overdraft
(b) Cash deposited in our bank
(c) Cash is withdrawn from the bank
(d) None of these
Answer:
(c) Cash is withdrawn from the bank
Question 8
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) Purchase returns account
Question 9
Balancing of account means
(a) Total of debit side
(b) Total of credit side
(c) A difference in the total of debit & credit
(d) None of these
Answer:
(c) A difference in the total of debit & credit
Question 10
Journal is a book of secondary entry. True or false?
Answer:
False
Question 11
One debit account and more than one credit account in an entry are called compound entry. True or false?
Answer:
True
Question 12
Assets sold on credit are entered in the sales journal. True or false?
Answer:
False
Stay tuned to BYJU’S for more CBSE Class 11 Accountancy important questions, question papers, sample papers, syllabus and Commerce notifications.
| Important Topics in Accountancy: |
