Important Questions for Chapter 4 Recording of Transactions 2

Important Questions with Answers for Class 11 CBSE Accountancy Chapter 4 Recording of Transactions 2 which is outlined by expert Accountancy teachers from the latest version of CBSE (NCERT) books.

CBSE Class 11 Accountancy Chapter – 4 Important Questions

Question 1

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

Answer:

(d) Bank and cash account in the ledger

Also Check: Important Questions Chapter 5 Bank Reconciliation statement

Question 2

Double column cash book records:

(a) All transactions

(b) Cash and bank transactions

(c) Only cash transactions

(d) Only credit transactions

Answer:

(b) Cash and bank transactions

Question 3

Goods purchased on cash are recorded in the:

(a) Purchases (journal) book

(b) Sales (journal) book

(c) Cash book

(d) Purchases return (journal) book

Answer:

(c) Cash book

Question 4

Cash book does not record the transaction of:

(a) Cash nature

(b) Credit Nature

(c) Cash and credit nature

(d) None of these

Answer:

(b) Credit Nature

Question 5

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

Answer:

(b) Cash and credit purchase

Question 6

The periodic total of sales return journal is posted to:

(a) Sales account

(b) Goods account

(c) Purchases return account

(d) Sales return account

Answer:

(d) Sales return account

Question 7

The credit balance of bank account in cash book shows:

(a) Overdraft

(b) Cash deposited in our bank

(c) Cash is withdrawn from the bank

(d) None of these

Answer:

(c) Cash is withdrawn from the bank

Question 8

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

Answer:

(c) Purchase returns account

Question 9

Balancing of account means

(a) Total of debit side

(b) Total of credit side

(c) A difference in the total of debit & credit

(d) None of these

Answer:

(c) A difference in the total of debit & credit

Question 10

Journal is a book of secondary entry. True or false?

Answer:

False

Question 11

One debit account and more than one credit account in an entry are called compound entry. True or false?

Answer:

True

Question 12

Assets sold on credit are entered in the sales journal. True or false?

Answer:

False

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