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- 1. Fill in the Blank
Credit purchases of goods are recorded in _______________.
- 2. Fill in the Blank
Cash and bank transactions are recorded in the cash book in ____________ order.
- 3. Fill in the Blank
Cash book is both __________ and _______________ book.
- 4. Fill in the Blank
Cash discount allowed and received is recorded by the way of _________ entry.
- 5. Fill in the Blank
A two- column cash book is based on __________ aspect of accounting.
- 6. Fill in the Blank
. Transactions which cannot be recorded in other subsidiary books are recorded in ___________.
- 7. Fill in the Blank
NDERSTANDING:- 13. If the bank allows the firm to withdraw more amount than the balance, the amount withdrawn is known as _____________.
- 8. Fill in the Blank
Weekly/ monthly total of purchases book is posted to ___________ side of _____________ account.
- 9. Fill in the Blank
R.K. Company purchased 60 units of goods @100 each less trade discount10% allowed, cash discount allowed is 5%. This transaction is to be recorded in ____________ __________ book.
- 10. Fill in the Blank
. Sold goods to M/S Mukti, Delhi. 10 kgs tea packets @Rs. 600 per kg less trade discount @10%. 5% IGST is to be charged. Freight anf packing charge is to be charged separately @ Rs.1,500. Amount to be posted in Sales Journal Rs._________________.
- 11. Fill in the Blank
A wholesaler sold 60 units of a good @ Rs.100 each less trade discount @10%. The retailer returned 10 units of these goods. ___________ amount should be recorded in the sales book.
- 12. Multiple Choice
The total of sale return book is posted to profit and loss account.
True
False
- 13. Multiple Choice
Purchase book records cash as well as credit purchases.
True
False
- 14. Multiple Choice
The credit purchase of assets are recorded in purchase book.
True
False
- 15. Multiple Choice
Sita has made full and final payment to Ram by cheque. Discount allowed by Ram is Rs.300. It will be recorded in sale return book.
True
False
- 16. Multiple Choice
Purchase book is used to record:
a. Cash purchase of goods
b. Credit purchases of goods
c. Credit purchase of assets
d. Cash purchase of assets
- 17. Multiple Choice
Purchase Return Book is also known as:
a. Returns Outward Book
b. Returns Inward book
c. Invoice Book
d. Journal Proper
- 18. Multiple Choice
The total of Sales book is posted to:
a. Credit side of customer’s account
b. Credit side of purchases account
c. Credit side of sales account
d. Credit side of capital account
- 19. Multiple Choice
Provision for doubtful debts created @ 6% on debtors with book values of Rs. 12,000. This transaction will be recorded in :
a. Purchases book
b. Sales book
c. Cash book
d. Journal proper
- 20. Multiple Choice
In Return Inwards book , individual accounts of customer will be :
a. Credited
b. Debited
c. Neither debited nor credited
d. Either debited or credited
- 21. Multiple Choice
Allowance allowed to Samyak & Co. on account of mistake in invoice. Transaction will be recorded in :
a. Sales return book
b. Purchases return book
c. Journal proper
d. Purchases book
- 22. Multiple Choice
Which of the following transactions will not affect the cash book:
a. Salary paid
b. Cash paid to creditor
c. Cheque received and deposited
d. Depreciation
- 23. Multiple Choice
6. Goods sold to Mr. X for Rs. 10,000 on 1-3-18. If payment is made within next seven days cash discount allowed @5%. Rs. ____ is received from Mr. X on 3-3-18.
a. 9,000
b. 10,000
c. 9,500
d. 9,800
- 24. Multiple Choice
Bought goods for Rs. 30,000, CGST and SGST @6.%. An inter- state transaction ___ amount will be recorded on payment side of cash book.
a. By purchases A/c Rs. 33,600
b. By purchases A/c Rs. 30,000; By IGST Rs. 3,600
c. By purchases A/c Rs. 30,000; By CGST Rs. 1,800; By SGST Rs. 1,800
d. By purchases A/c Rs. 28,200
- 25. Multiple Choice
Sold goods to Shashi & Sons, vide cash memo no 2415; 6 sofa sets @ 15,000 each, less trade discount 10%. Transaction will be recorded in:
a. Sales book
b. Purchases book
c. Cash book
d. Journal proper
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