{"id":19330,"date":"2022-06-03T07:00:26","date_gmt":"2022-06-03T01:30:26","guid":{"rendered":"https:\/\/mcq-questions.com\/?p=19330"},"modified":"2022-05-21T12:22:02","modified_gmt":"2022-05-21T06:52:02","slug":"mcq-questions-for-class-11-accountancy-chapter-4","status":"publish","type":"post","link":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/","title":{"rendered":"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Accountancy with Answers<\/a>. You can also verify your answers from our provided Recording of Transactions 2 Class 11 MCQs Questions with Answers. So, ace up your preparation with MCQ on Recording of Transactions 2 Class 11 Objective Questions.<\/p>\n

Recording of Transactions 2 Class 11 MCQs Questions with Answers<\/h2>\n

Question 1.
\nWhen a firm maintains a cash book, it need not maintain
\n(a) Journal Proper
\n(b) Purchases (journal) book
\n(c) Sales (journal) book
\n(d) Bank and cash account in the ledger<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Bank and cash account in the ledger<\/p>\n<\/details>\n

\n

Question 2.
\nDouble column cash book records
\n(a) All transactions
\n(b) Cash and bank transactions
\n(c) Only cash transactions
\n(d) Only credit transactions<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Cash and bank transactions<\/p>\n<\/details>\n

\n

Question 3.
\nGoods purchased on cash are recorded in the
\n(a) Purchases (journal) book
\n(b) Sales (journal) book
\n(c) Cash book
\n(d) Purchases return (journal) book<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Cash book<\/p>\n<\/details>\n

\n

Question 4.
\nCash book does not record transaction of:
\n(a) Cash nature
\n(b) Credit nature
\n(c) Cash and credit nature
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Credit nature<\/p>\n<\/details>\n

\n

Question 5.
\nTotal of these transactions is posted in purchase account:
\n(a) Purchase of furniture
\n(b) Cash and credit purchase
\n(c) Purchases return
\n(d) Purchase of stationery<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Cash and credit purchase<\/p>\n<\/details>\n

\n

Question 6.
\nThe periodic total of sales return journal is posted to :
\n(a) Sales account
\n(b) Goods account
\n(c) Purchases return account
\n(d) Sales return account<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) Sales return account<\/p>\n<\/details>\n

\n

Question 7.
\nCredit balance of bank account in cash book shows :
\n(a) Overdraft
\n(b) Cash deposited in our bank
\n(c) Cash withdrawn from bank
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Overdraft<\/p>\n<\/details>\n

\n

Question 8.
\nThe periodic total of purchases return journal is posted to :
\n(a) Purchase account
\n(b) Profit and loss account
\n(c) Purchase returns account
\n(d) Furniture account<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Purchase returns account<\/p>\n<\/details>\n

\n

Question 9.
\nBalancing of account means
\n(a) Total of debit side
\n(b) Total of credit side
\n(c) Difference in total of debit & credit
\n(d) None of these<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Difference in total of debit & credit<\/p>\n<\/details>\n

\n

Fill in the Correct Words<\/span><\/p>\n

Question 1.
\nCash book is a …………….. journal.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Subsidiary<\/p>\n<\/details>\n

\n

Question 2.
\nIn Journal proper, only ………………. discount is recorded.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Cash<\/p>\n<\/details>\n

\n

Question 3.
\nReturn of goods purchased on credit to the suppliers will be entered in ………………. Journal.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Purchases Return<\/p>\n<\/details>\n

\n

Question 4.
\nAssets sold on credit are entered in ……………….<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Journal Proper<\/p>\n<\/details>\n

\n

Question 5.
\nDouble column cash book records transaction relating to ……………. and ……………….<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Cash, Bank<\/p>\n<\/details>\n

\n

Question 6.
\nTotal of the debit side of cash book is ……………….. than the credit side.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: More<\/p>\n<\/details>\n

\n

Question 7.
\nCash book does not record the ………………. transactions.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Credit<\/p>\n<\/details>\n

\n

Question 8.
\nIn double column cash book ……………….. transactions are also recorded.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Bank<\/p>\n<\/details>\n

\n

Question 9.
\nCredit balance shown by a bank column in cash book is …………………<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Overdraft<\/p>\n<\/details>\n

\n

Question 10.
\nThe amount paid to the petty cashier at the beginning of a period is known as ………………. amount.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Imprest<\/p>\n<\/details>\n

\n

Question 11.
\nIn purchase book goods purchased on ………………. are recorded.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Credit<\/p>\n<\/details>\n

\n

State whether the following statements are True or False<\/span><\/p>\n

Question 1.
\nJournal is a book of secondary entry.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 2.
\nOne debit account and more than one credit account in a entry is called compound entry.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 3.
\nAssets sold, on credit are entered in sales journal.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 4.
\nCash and credit purchases are entered in purchase journal.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 5.
\nCash sales are entered in sales journal.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 6.
\nCash book records transactions relating to receipts and payments.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 7.
\nLedger is a subsidiary book.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 8.
\nPetty cash book is a book having record of big payments.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 9.
\nCash received is entered on the debit side of cash book.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 10.
\nTransaction recorded both on debit and credit side of cash book is known as contra entry.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 11.
\nBalancing of account means total of debit and credit side.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 12.
\nCredit purchase of machine is entered in purchase journal.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Use the above-provided NCERT MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 11 Accountancy Recording of Transactions 2 MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Accountancy with Answers. You can also verify your answers from our provided …<\/p>\n

MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[35],"tags":[],"yoast_head":"\nMCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - MCQ Questions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - MCQ Questions\" \/>\n<meta property=\"og:description\" content=\"Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Accountancy with Answers. You can also verify your answers from our provided … MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ Questions\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NCERTSolutionsGuru\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-03T01:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-21T06:52:02+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ncertsolguru\" \/>\n<meta name=\"twitter:site\" content=\"@ncertsolguru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prasanna\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/mcq-questions.com\/#website\",\"url\":\"https:\/\/mcq-questions.com\/\",\"name\":\"MCQ Questions\",\"description\":\"MCQ Questions for Class 1 to 12\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/mcq-questions.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/#webpage\",\"url\":\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/\",\"name\":\"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - MCQ Questions\",\"isPartOf\":{\"@id\":\"https:\/\/mcq-questions.com\/#website\"},\"datePublished\":\"2022-06-03T01:30:26+00:00\",\"dateModified\":\"2022-05-21T06:52:02+00:00\",\"author\":{\"@id\":\"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3\"},\"breadcrumb\":{\"@id\":\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/mcq-questions.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3\",\"name\":\"Prasanna\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/mcq-questions.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g\",\"caption\":\"Prasanna\"},\"url\":\"https:\/\/mcq-questions.com\/author\/prasanna\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - MCQ Questions","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/","og_locale":"en_US","og_type":"article","og_title":"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - MCQ Questions","og_description":"Students who are searching for NCERT MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Accountancy with Answers. You can also verify your answers from our provided … MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers Read More »","og_url":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/","og_site_name":"MCQ Questions","article_publisher":"https:\/\/www.facebook.com\/NCERTSolutionsGuru\/","article_published_time":"2022-06-03T01:30:26+00:00","article_modified_time":"2022-05-21T06:52:02+00:00","twitter_card":"summary_large_image","twitter_creator":"@ncertsolguru","twitter_site":"@ncertsolguru","twitter_misc":{"Written by":"Prasanna","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/mcq-questions.com\/#website","url":"https:\/\/mcq-questions.com\/","name":"MCQ Questions","description":"MCQ Questions for Class 1 to 12","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mcq-questions.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/#webpage","url":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/","name":"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - MCQ Questions","isPartOf":{"@id":"https:\/\/mcq-questions.com\/#website"},"datePublished":"2022-06-03T01:30:26+00:00","dateModified":"2022-05-21T06:52:02+00:00","author":{"@id":"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3"},"breadcrumb":{"@id":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mcq-questions.com\/mcq-questions-for-class-11-accountancy-chapter-4\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/mcq-questions.com\/"},{"@type":"ListItem","position":2,"name":"MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers"}]},{"@type":"Person","@id":"https:\/\/mcq-questions.com\/#\/schema\/person\/4ba9570f32f2057e70e670c7885e47f3","name":"Prasanna","image":{"@type":"ImageObject","@id":"https:\/\/mcq-questions.com\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/174540ad43736c7d1a4c4f83c775e74d?s=96&d=mm&r=g","caption":"Prasanna"},"url":"https:\/\/mcq-questions.com\/author\/prasanna\/"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts\/19330"}],"collection":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/comments?post=19330"}],"version-history":[{"count":1,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts\/19330\/revisions"}],"predecessor-version":[{"id":34554,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/posts\/19330\/revisions\/34554"}],"wp:attachment":[{"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/media?parent=19330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/categories?post=19330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcq-questions.com\/wp-json\/wp\/v2\/tags?post=19330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}