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 - 3
Question 1:
The total of the Sales Book is posted to
(a) debit of the Sales Account.
(b) credit of the Sales Account.
(c) debit of the Customers’ Account.
(d) credit of Customers’ Accounts.
Correct Answer – (B)
Question 2:
Purchase of machinery on credit is recorded in _______ .
(a) Journal proper
(b) Sales Book
(c) Cash book
(d) Purchase book
Correct Answer – (A)
Question 3:
The Sales Return Book always has _____________ balance
(a) Debit
(b) Either debit or credit
(c) Credit
(d) None of the options
Correct Answer – (A)
Question 4:
Name the transaction that is recorded in both sides of Cash book simultaneously.
(a) Contra Entry
(b) Dual entry
(c) Double entry
(d) Single entry
Correct Answer – (A)
Question 5:
Which account will be debited in case wages are paid for installation of machinery?
(a) Machinery A/c
(b) Installation A/c
(c) Wages A/c
(d) Cash A/c
Correct Answer – (A)
MCQ Questions Class 11 Recording of Transactions 2 With Answers
Question 6:
Deposit of cash in bank is recorded in
(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 – (A)
Question 7:
The Sales Return Book records
(a) the return of goods purchased.
(b) the return of goods sold on credit,
(c) the return of goods sold for cash.
(d) the return of anything sold.
Correct Answer – (B)
Question 8:
Which is not contra entry in the cash book
(a) Cash deposited into bank
(b) Cash withdrawn from bank
(c) Cash withdrawn from bank for personal use
(d) None of these
Correct Answer – (C
Question 9:
Which of the following may have both Dr. or Cr. Balance
(a) Only cash column of cash book
(b) Only bank column of cash book
(c) Both cash andbank column
(d) Neither bank nor cash column
Correct Answer – (B)
Question 10:
Which account will be debited in case Life insurance premium is paid by proprietor from business cash?
(a) Drawings A/c
(b) Capital A/c
(c) Insurance A/c
(d) Cash A/c
