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Recording of Tr...

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  • Question 1
    1 / -0

    Consider the following transactions of M/s Roopa Traders. Prepare a cash book and calculate the total amount of receipts.

    Date Details Amount(Rs.)
    2022    
    Nov 01 Cash in hand  30,000
    Nov 04 Cash received from Gurmeet  12,000
    Nov 08 Insurance paid (Annual Instalment)    6,000
    Nov 13 Purchased furniture   13,800
    Nov 16 Sold goods for cash   28,000
    Nov 17 Purchased goods from Mudit in cash   17,400
    Nov 20 Purchase stationery    1,100
    Nov 24 Cash paid to Rukmani in full settlement of account   12,500
    Nov 27 Sold goods to Kamal for cash   18,200
    Nov 30 Paid monthly rent     2,500
    Nov 30 Paid salary     3,500
    Nov 30 Deposited in bank     8,000

  • Question 2
    1 / -0

    Which one of the following equation is correct?

  • Question 3
    1 / -0

    Liabilities and assets amount to Rs. 50,000 and Rs. 7,800 respectively. The difference Amount shall represent:

  • Question 4
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    Raman purchases goods worth sixty thousand rupees from Suresh on credit. But some of those goods are damaged. Which of the following documents would Raman return to Suresh along with the damaged goods?

  • Question 5
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    Return of goods by a customer is recorded in:

  • Question 6
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    Document which records a transactions that entails multiple debit/credits and credit/debit is:

  • Question 7
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    In the Purchase book, goods purchased on _______________ are recorded.

  • Question 8
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    The entry which affects the cash and bank column of a triple column in the cash book is known as:

  • Question 9
    1 / -0

    A cheque on which two parallel lines are drawn in the left top corner is called:

  • Question 10
    1 / -0

    What approach is used to analyze transactions using the accounting equation?

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