Self Studies
Self Studies
Self Studies
Self Studies
Selfstudy
Selfstudy

Recording of Transactions - II Test 19

Result Self Studies

Recording of Transactions - II Test 19
  • Score

    -

    out of -
  • Rank

    -

    out of -
TIME Taken - -
Self Studies

SHARING IS CARING

If our Website helped you a little, then kindly spread our voice using Social Networks. Spread our word to your readers, friends, teachers, students & all those close ones who deserve to know what you know now.

Self Studies Self Studies
Weekly Quiz Competition
  • Question 1
    1 / -0
    The Cash Book records ________________.
    Solution
    Cash Book is a subsidiary book which records all the cash receipts and cash payments. The Balance of Cash book can never be credit as it always has debit balance or zero balance. 
    There are mainly Four types of Cash Books
    1. Simple Cash book
    2. Two column Cash Book
    3. Three Column Cash Books.
    4. Petty Cash Book
  • Question 2
    1 / -0
    The opening balance on the debit side of the bank column in Cash Book indicates ___________.
    Solution
    The opening balance on the debit side of the bank column in Cash Book indicates Cash at the bank. If it is on the credit side then it indicates the Bank Overdraft.
    In Cash Book , all cash related transactions are recorded.
    There are mainly 4 types of Cash Book
    1. Single Column Cash Book
    2. Double Column Cash Book
    3. Triple Column Cash Book
    4. Petty Cash Book
  • Question 3
    1 / -0
    Purchases book is used to record all ______________.
    Solution
    All goods purchased on credit is recorded under Purchase Book. Only credit purchases are recorded in Purchase book and not cash purchases. Goods means those things that are purchased or produced for resale in business. Any purchase of asset is not recorded in Purchase book. Whenever goods are purchased on credit purchase account is debited (as per the rule, "Debit what comes in") i.e. goods comes in, hence purchase account is debited. 
  • Question 4
    1 / -0
    If Sandeep sold goods for Cash, it will be recorded in _____________.
    Solution
    The Journal Entry for the above transaction will be
    Cash a/c     Dr.
        To Sales a/c
    (Being goods sold for cash)
    As cash is involved in this transaction, therefore, it will be recorded in the cash book.
  • Question 5
    1 / -0
    Accounting for partial recovery from Mr. Ram of an amount earlier written off as bad debt will be recorded in _________.
    Solution
    As partial amount is received in cash therefore, it will be recorded in cash book.  
  • Question 6
    1 / -0
    Journal Proper is used to record ____________.
    Solution
    A journal proper is the book of original entry in which only those entries are recorded that cannot be recorded in the special journal. It is also termed as a General Journal. When the journal is divided into various subsidiary books, it remains only a residuary book in which only those transactions are recorded that cannot be recorded in any other subsidiary book. In such a case, the journal is called as Journal proper. Purchase of asset on credit can neither be recorded in the cash book or the purchase book because cash book only records cash transactions and purchase book only records the credit purchase of goods. Thus purchase and sale or return of purchased or sale asset on credit is recorded in journal proper.
  • Question 7
    1 / -0
    Unpaid salary Rs. 200 is to be provided for in the accounts by entry in the ____________.
  • Question 8
    1 / -0
    A bills receivable received from a debtor is dishonoured on due date will be recorded in _______________.
    Solution
    Journal Entry for dishonour of bill
    Debtor A/c    Dr.              XXX
       To B/R A/c                              XXX
    (Being bill dishonoured)
    Therefore, D is the correct option.
  • Question 9
    1 / -0
    The total of the sales book is posted to _________.
    Solution
    Sales book is a subsidiary book that records all the credit sales of the goods. It is totalled normally on a monthly basis and the total will be posted to the credit side of  the Sales A/c. The total of the Sales book is not entered but posted to the Sales A/c because it is transferred from the sales book.
  • Question 10
    1 / -0
    Credit purchase of stationery by a stationery dealer will be recorded in __________.
    Solution
    Purchases book records all credit purchase transactionss.
Self Studies
User
Question Analysis

  • Correct -

  • Wrong -

  • Skipped -

My Perfomance
  • Score

    -

    out of -
  • Rank

    -

    out of -
Re-Attempt Weekly Quiz Competition
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now