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Recording of Transactions - II Test 16

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Recording of Transactions - II Test 16
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  • Question 1
    1 / -0
    Annual white-washing expenditure of Rs. 12,000 is a
  • Question 2
    1 / -0
    While checking the accounts of ABC the following discrepancies were noticed, even though the trial balance was made to balance by putting the difference to suspense A/c.
    (a) Sales day book for the month of June $$06$$ was found overcast by Rs. $$7,000$$
    (b) A credit purchase of Rs. $$3,000$$ was omitted to be recorded in the days book
    (c) Rs. $$4,300$$ received from A credited A's Rs. $$5,300$$
    (d) Purchase of office equipment worth Rs. $$5,000$$ included in trading purchases.
    From the details what would have been the difference in trial balance which was made to balance by opening suspense A/c.
  • Question 3
    1 / -0
    ABC Ltd. Issued a credit note of Rs. 2,000 to BCD Associates on 26th March 14. This transaction will be recorded in
  • Question 4
    1 / -0
    From the following details calculate the total purchases.
    Cash purchases Rs. 35,000
    Creditor as on 1-04-09 Rs. 20,000, Purchase returns Rs. 20,000, Payment made to trade creditors Rs. 1,00,000, Creditors balance as on 31-03-10 Rs. 35,000.
  • Question 5
    1 / -0
    If the seller handover the keys of the godown where the goods are kept to the buyer this mode of delivery amounts to __________.
  • Question 6
    1 / -0
    In case the unpaid seller exercise the right of stoppage of goods in transit, the cost of such delivery is borne by ____________.
  • Question 7
    1 / -0
    From the following details calculate the total sales.Cash sales Rs. 25,000. Debtors as on 1-4-13 Rs. 25,000, sales return Rs. 5,000, Payment received from debtors Rs. 60,000, Debtors balance as on 31-3-14 Rs. 40,000
  • Question 8
    1 / -0
    If the unpaid seller is paid proportionate price of a part of goods sold he __________.
  • Question 9
    1 / -0
    ABS Associates issued a debit note of Rs. 4,000 to D & Sons on 21st Match 14. This will be recorded in
  • Question 10
    1 / -0
    Sale of by products is credited to
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