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 - 2
Question 1:Â
It is system of paying advance in the beginning and reimbursing the amount spent from time to time to the petty cashier.
(a) Imprest System
(b) Financial System
(c) Analytical System
(d) Ordinary System
Correct Answer – (A)
Question 2:Â
Withdrawal of Cash from Bank is recorded in Â
(a) Debit of Bank Column and Credit of Cash Column.
(b) Debit of Cash Column and Credit of Bank Column.
(c) Debit of Cash Column and also Credit of Cash Column.
(d) Debit of Bank Column and also Credit of Bank Column.
Correct Answer – (B)
Question 3:Â
Who prepares a debit note-
(a) Seller
(b) Purchaser
(c) Cashier
(d) None of these.
Correct Answer – (A)
Question 4:Â
Cash purchase of goods is recorded in-
(a) Purchase book
(b) Sales book
(c) Cash – book
(d) None of these.
Correct Answer – (C)
Question 5:Â
Income tax is treated as-
(a) Business Expense
(b) Direct Expense
(c) Personal Expense
(d) Indirect Expense.
Correct Answer – (D)
MCQ Questions Class 11 Recording of Transactions 2 With Answers
Question 6:Â
On 1st April 2020, balance of cash column of cash book was Rs. 10,000. After receiving Rs.2,000 from Anil, giving a cheque of Rs.3,200 to Sunil and making payment of wages Rs.500, balance of cash will be :Â
(a) Rs. 11,500
(b)Rs. 8,300
(c) Rs. 8,800
(d) Rs. 6,300
Correct Answer – (A)
Question 7:Â
Return of goods by a customer is recorded in-
(a) Purchase book
(b) Sales book
(c) Sales return book
(d) Purchase return book.
Correct Answer – (C)
Question 8:Â
Credit purchase of furniture shall be recorded in-
(a) Purchase book
(b) Journal book
(c) Cash – book
(d) None of these.
Correct Answer – (B)
Question 9:Â
A cheque on which two parallel lines are drawn in the left top corner is called –
(a) Bearer cheque
(b) Traveller’s cheque
(c) Account payee cheque
(d) None of these.
Correct Answer – (C)
Question 10:Â
‘Drawings’ falls under which account-
(a) Personal account
(b) Real account
(c) Nominal account
(d) None of these.
