Sales Book

Q.

The total of Sales book is posted to the ___ of sales account.

1. Credit

2. Debit

3. Either debit or credit

4. None of the above

Q.

Which sales are not recorded in the sales book?

Q.

Sales on credit is recorded in which of the following journals?

1. Purchase Journal

2. Sales Journal

3. Sales Return Journal

4. Purchase Return Journal

Q.

Sales & Purchase journal don't record :

1. Credit Sales

2. Credit purchases

3. Credit sales & purchases

4. Cash sales & purchases

Q.

Which document evidenced that the credit has been granted to the named person for the reason stated therein?

Q.

Is the purchase book a ledger?

Q.

The total of Sales books is shown as sundries on ______ side of sales account.

1. Debit

2. None of these

3. Credit

4. No entry

Q.

Give one example of partial omission

Q.

The accounts you would find in a Sales Ledger are those of :

1. Assets

2. Trade Payables

3. Trade Receivables

4. Incomes & Expenses

Q.

What is the other name of the sales book?

Q.

A sales book is :

1. A summary of sale of goods in trade as well as acquired for use in business

2. A book of prime entry in which all credit sales are recorded

3. A book of prime entry in which all cash sales are recorded

4. A book of prime entry in which all sales are recorded

Q.

What is the sales book?

Q.

Write a word/term or phrase which can substitute each of the following.

1. A documentary evidence of the transaction.
2. The documents used for withdrawing the amount from bank.
3. The amount of revenue stamp is required to be affixed when the amount of voucher is Rs 5, 000 or more.
4. Voucher prepared for small amount of payment.
5. Document prepared for the difference in quantity mentioned in the bill and the quantity actually delivered.
6. A document issued for goods purchased for cash.
7. A cheque on which two parallel lines are drawn.
8. A cheque which can be encashed at the counter of the bank.
9. A document used to acknowledge cash received.

Q.

Objective Type Questions
Answer in one sentence the following questions.

1. State the meaning of a voucher.
2. Why is a petty cash voucher prepared?
3. What do you mean by Receipt?
4. Define the term ‘Cheque’.
5. State the meaning of ‘Pay-in-slip.’
6. State the meaning of a crossed cheque.
7. What do you mean by a bank pass book?
8. Write the meaning of a Debit note.
9. Write the meaning of a Credit note.
10 What do you mean by a Cash Memo?

Q.

M/s Koina sold on credit

(i) 2 water purifiers @ Rs 2, 100 each and 5 buckets @ Rs 130 each to M/s Raman Traders (Invoice no. 178 dated 6th April, 2016) Less trade discount @10 %.

(ii) 5 road side containers @ Rs 4, 200 each to M/s Nutan Enterprises (Invoice No. 180 dated 9 th April, 2016).

(iii) 100 big buckeks @ Rs 850 each to M/s Raman Traders (Invoice No.209, dated 28th April, 2016).

(iv) Sold old furniture to Rajesh & Co on credit Rs1, 000.

Recent the above transactions in sales book and prepare sales account and Raman Trader's account.


Record the below transactions in sales book and prepare sales account and Raman Trader's account.

Q.

The following selected transactions were given by the Adams Company:
Sept.16: Sold merchandise on account to the Foster Company, sales invoice no. 1032, Rs 3, 742.
Sep 20: Sold merchandise on account to the King Company, sales invoice no. 1033, Rs 8, 950.
Sep 25: Sold merchandise on account to Zimmer Company, sales invoice no. 1034, Rs 173.
Sep 27: King Company returned Rs 982 of merchandise relating to sales invoice no. 1033;
What shall be the total of sales book as at 30th Sep?

1. Rs 11, 833

2. Rs 12, 865

3. Rs 13, 847

4. None of the above

Q. The total of sales book is shown as sundries on side of sales account.

1. debit
2. credit
3. debit or credit

Q. _______ is a document giving full details of goods being sold and may treated as document showing title by the buyer.

1. Proforma Invoice
2. Statement of Account
3. Invoice
4. Credit/Debit Notes

Q. Which of the following books should be used to record purchase of a type writer on account?

1. Cash book.
2. Purchase book.
3. Journal.
4. Sales book.

Q. Occasional buyers place orders through _________.

1. letters
2. tender notices
3. press release
4. all of above

Q. Fancy packing is an example of __________ expenses.

1. Distribution
2. Administration
3. Selling
4. Factory