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 - 1
Question 1:
The first book of original entry is-
(a) Journal
(b) Ledger
(c) Trial Balance
(d)None of these.
Correct Answer – (B)
Question 2:
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
Correct Answer – (C)
Question 3:
The periodic total of sales return journal is posted to :
(a) Sales account
(b) Goods account
(c) Purchases return account
(d) Sales return account
Correct Answer – (D)
Question 4:
Cash book does not record transaction of:
(a) Cash nature
(b) Credit nature
(c) Cash and credit nature
(d) None of these
Correct Answer – (B)
Question 5:
Double column cash book records
(a) All transactions
(b) Cash and bank transactions
(c) Only cash transactions
(d) Only credit transactions
Correct Answer – (B)
MCQ Questions Class 11 Recording of Transactions 2 With Answers
Question 6:
Balancing of account means
(a) Total of debit side
(b) Total of credit side
(c) Difference in total of debit & credit
(d) None of these
Correct Answer – (A)
Question 7:
Credit balance of bank account in cash book shows :
(a) Overdraft
(b) Cash deposited in our bank
(c) Cash withdrawn from bank
(d) None of these
Correct Answer – (A)
Question 8:
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
Correct Answer – (B)
Question 9:
Goods purchased on cash are recorded in the
(a) Purchases (journal) book
(b) Sales (journal) book
(c) Cash book
(d) Purchases return (journal) book
Correct Answer – (C)
Question 10:
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
