MCQ Questions Class 11 Recording of Transactions 2 With Answers

CBSE Class 11 Recording of Transactions 2 Multiple Choice Questions with Answers. MCQ Questions Class 11 Recording of Transactions 2 with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Recording of Transactions 2 with Answers to know their preparation level.

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MCQ Questions Class 11 Recording of Transactions 2 with Answers - Set - 4

Question 1:

The periodic total of Sales Return Journal is posted to the
(a) Sales Account.
(b) Goods Account.
(c) Sales Return Account.
(d) Any of these.

Check Answer

Correct Answer – (C)

Question 2:

The process of finding the net amount from the totals of debit and credit columns in a ledger is known as ________________.
(a) Casting
(b) Posting
(c) Journalising
(d) Balancing

Check Answer

Correct Answer – (D)

Question 3:

Cash book is a type of __________ but can be treated as a __________ of account.
(a) Subsidiary Book, Principal Book
(b) Principal Book, Subsidiary Book
(c) Subsidiary Book, Subsidiary Book
(d) Principal Book, Principal Book

Check Answer

Correct Answer – (A)

Question 4:

When a cheque deposited into bank is dishonoured by bank, it will be recorded in cash book in :
(a) Bank column on debit side
(b) Bank column on credit side
(c) Cash column on debit side
(d) Cash column on credit side

Check Answer

Correct Answer – (B)

Question 5:

Cash Book cannot have negative balance, i.e., payments cannot be ______________ Cash in hand?
(a) More than
(b) Twice
(c) Equal to
(d) Less than

Check Answer

Correct Answer – (A)

MCQ Questions Class 11 Recording of Transactions 2 With Answers

Question 6:

In the Purchases Book the record is in respect of
(a) cash purchases of goods dealt in.
(b) credit purchases of goods dealt in.
(c) all purchases of goods dealt in.
(d) purchase of anything

Check Answer

Correct Answer – (B)

Question 7:

A ledger is prepared from ___________.
(a) Journal
(b) None of the options
(c) Transactions
(d) Events

Check Answer

Correct Answer – (A)

Question 8:

A compound Journal entry_____
(a) Has equal debits and credits
(b) Only credit balances
(c) None of the options
(d) Only credit balances

Check Answer

Correct Answer – (A)

Question 9:

The bad debts written off as bad, if recovered subsequently, should be credited to ____________ .
(a) Bad debt recovered A/c
(b) Cash A/c
(c) Bad Debt A/c
(d) Debtors A/c

Check Answer