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.
Students who are searching for NCERT MCQ Questions Class 11 Recording of Transactions 2Â with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Recording of Transactions 2Â with Answers. You can also verify your answers from the provided MCQ Class 11 Recording of Transactions 2Â with Answers. So, ace up your preparation with MCQ of Class 11 Accountancy Examinations.
MCQ Questions Class 11 Recording of Transactions 2 with Answers - Set - 1
Question 1:Â
The first book of original entry is-
(a) Journal
(b) Ledger
(c) Trial Balance
(d)None of these.
Correct Answer – (B)
Question 2:Â
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:Â
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:Â
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:Â
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:Â
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:Â
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(c) Cash withdrawn from bank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:Â
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:Â
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:Â
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
