Free CBSE Accountancy Multiple Choice Questions for Class 11 along with answers Chapter 4: Recording of Transactions 2. Accountancy MCQs for Class 11 chapter-wise with answers are prepared based on the current exam pattern. Students can tackle MCQs with answers to realise their spadework level.
1. Return of goods by a customer is recorded in ______.
(a) Purchase book
(b) Sales book
(c) Sales return book
(d) Purchase return book
Answer: (c) Sales return book
2. Balancing of accounts means _______.
(a) Total of debit side
(b) Total of credit side
(c) Difference in a total of debit side and credit side
(d) None of the above
Answer: (c) Difference in a total of debit side and credit side
3. A cheque on which two parallel lines are drawn in the left top corner is called ______.
(a) Bearer cheque
(b) Traveller’s cheque
(c) Account payee cheque
(d) None of the above
Answer: (c) Account payee cheque
4. Credit balance of the bank account in the cash book shows ______.
(a) Overdraft
(b) Cash deposited into our bank
(c) Cash is withdrawn from the bank
(d) None of the above
Answer: (a) Overdraft
5. The first book of the original entry is ______.
(a) Journal
(b) Ledger
(c) Trial balance
(d) None of the above
Answer: (b) Ledger
6. When a business maintains a cash book, it doesn’t need to maintain _______.
(a) Journal proper
(b) Purchases book
(c) Sales book
(d) Bank and cash account in the ledger
Answer: (d) Bank and cash account in the ledger
7. Credit purchase of furniture shall be recorded in _____.
(a) Purchase book
(b) Journal book
(c) Cash book
(d) None of the above
Answer: (b) Journal book
8. Goods purchased with cash are recorded in the _______.
(a) Purchase book
(b) Sales book
(c) Cash book
(d) Purchase return book
Answer: (c) Cash book
9. ‘Drawings’ falls under _______ account.
(a) Personal account
(b) Real account
(c) Nominal account
(d) None of the above
Answer: (a) Personal account
10. Cash book does not record the transactions of ______.
(a) Cash nature
(b) Credit nature
(c) Cash and credit nature
(d) None of the above
Answer: (b) Credit nature
11. Cash purchase of goods is recorded in _______.
(a) Purchase book
(b) Sales book
(c) Cash book
(d) None of the above
Answer: (c) Cash book
12. A 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
13. Who prepares a debit note?
(a) Seller
(b) Purchaser
(c) Cashier
(d) None of the above
Answer: (b) Purchaser
14. The periodic total of the sales return journal is posted to _____.
(a) Sales account
(b) Goods account
(c) Purchase return account
(d) Sales return account
Answer: (d) Sales return account
15. Income tax is treated as ______.
(a) Business expense
(b) Direct expense
(c) Personal expense
(d) Indirect expense
Answer: (d) Indirect expense
We trust that the offered Accountancy MCQs for Class 11 with responses Chapter 4: Recording of Transaction 2 will help you. Assuming you have any questions with respect to CBSE Class 11 Accountancy, Recording of Transactions 2 MCQs, drop a remark underneath, and we will hit you up at the most punctual.
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