CBSE Class 11 Recording of Transactions 2 Multiple Choice Questions with Answers. MCQ Questions Class 11 Recording of Transactions 2Â with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Recording of Transactions 2Â with Answers to know their preparation level.
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MCQ Questions Class 11 Recording of Transactions 2 with Answers - Set - 5
Question 1:Â
Which of the following is both a book of Journal and Ledger?Â
(a) Cash Book
(b) General Journal
(c) Purchases Journal
(d) Sales Journal
Correct Answer – (A)
Question 2:Â
DTH services are provided by :
(a) Transport companies
(b) Bank
(c) Cellular companies
(d) None of these
Correct Answer – (A)
Question 3:Â
On 1st May 2020, cash book bank overdraft balance was Rs.2,000. On depositing Rs. 10,000 into bank and giving a cheque of Rs.7,200 for rent, the balance will be :Â
(a) Rs.4,800 Dr.
(b) Rs.4,800 Cr.
(c)Rs.800 Dr.
(d) Rs.800 Cr.
Correct Answer – (C)
Question 4:Â
Which of the following is not recorded in cash book :Â
(a) Trade Discount
(b) Bad Debts
(c) Credit Purchases
(d) All of the above
Correct Answer – (D)
Question 5:Â
The process of transferring the debit and credit items from journal to ledger accounts is called _____________ .
(a) Casting
(b) Posting
(c) Journalising
(d) Balancing
Correct Answer – (B)
MCQ Questions Class 11 Recording of Transactions 2 With Answers
Question 6:Â
Goods purchased for cash are recorded in theÂ
(a) Purchases Book.
(b) Cash Book.
(c) Purchases Return Book.
(d) Cash Book and Purchases Book.
Correct Answer – (B)
Question 7:Â
Imprest amount Rs.5,000. What will be the amount of re-imbursement if following expenses were incurred by the petty cashier during the month — Wages = Rs. 1,450, Tiffin = Rs. 1,050, small Repairs = Rs.500, General expenses = Rs.400. Â
(a) Rs. 1,600
(b) Rs.3,400
(c) Rs.3,050
(d) Rs.3,000
Correct Answer – (B)
Question 8:Â
Goods are stored in :
(a) Warehouses
(b) Keeping in open
(c) Buildings
(d) None of these
Correct Answer – (A)
Question 9:Â
It is included in the public collection :
(a) Control
(b) Flexibility
(c) Both (a) and (b)
(d) None of these
Correct Answer – (C)
Question 10:Â
If Ram has sold goods for cash to Param, the entry will be recorded in theÂ
(a) Cash Book.
(b) Sales Book.
(c) Journal Proper.
(d) Petty Cash Book.
