NCERT Class 11 Accountancy MCQ : Recording of Transactions 2
Elevate your accounting acumen with our specialized Multiple Choice Questions (MCQs) page on “Recording of Transactions 2.” Culled from previous year papers of diverse exams, including UPSC IAS, this resource is tailored for aspirants and individuals looking to deepen their understanding of the intricate processes involved in recording financial transactions.
Navigate through a spectrum of accounting scenarios, from advanced entries to nuanced transaction classifications, as each MCQ is thoughtfully designed to challenge and reinforce your expertise. Whether you’re a UPSC IAS candidate or an accounting enthusiast, this page serves as an invaluable tool for exam preparation and honing your skills in transaction recording.
Key Features:
Authentic questions from UPSC IAS and diverse sector exams
In-depth coverage of advanced transaction recording techniques
Ideal for exam preparation and enhancing proficiency in accounting principles
Embark on a journey of financial mastery as you engage with our meticulously curated MCQs, each question crafted to shed light on the complexities of Recording Transactions 2
NCERT Class 11 Accountancy : Recording of Transactions 2 MCQ – NCERT Class 11 MCQ
Question:
The first book of original entry is-
A
B
C
D
Question:
Drawings’ falls under which account-
A
B
C
D
Question:
Income tax is treated as-
A
B
C
D
Question:
A cheque on which two parallel lines are drawn in the left top corner is called –
A
B
C
D
Question:
Cash purchase of goods is recorded in-
A
B
C
D
Question:
Credit purchase of furniture shall be recorded in-
A
B
C
D
Question:
Who prepares a debit note-
A
B
C
D
Question:
Return of goods by a customer is recorded in-
A
B
C
D
Question:
Weekly information is sought from the subsidiary books.
A
B
C
D
Question:
Drawings account is a personal account.
A
B
C
D
Question:
Purchase account is always debited.
A
B
C
D
Question:
Order for sending goods is not a business transaction.
A
B
C
D
Question:
Cash A/c is a real A/c.
A
B
C
D
Question:
Purchase book is a principle book.
A
B
C
D
Question:
Preparation of sales account is not essential when sales book is maintained.
A
B
C
D
Question:
Goods received on consignment is recorded in purchase book.
A
B
C
D
Question:
Cash sale of asset is recorded in main journal book.
