{"id":19330,"date":"2021-02-27T15:40:26","date_gmt":"2021-02-27T10:10:26","guid":{"rendered":"https:\/\/ncertsolutions.guru\/?p=19330"},"modified":"2021-02-27T15:40:26","modified_gmt":"2021-02-27T10:10:26","slug":"mcq-questions-for-class-11-accountancy-chapter-4","status":"publish","type":"post","link":"https:\/\/ncertsolutions.guru\/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":"<p>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 <a href=\"https:\/\/ncertsolutions.guru\/mcq-questions-for-class-11-accountancy-with-answers\/\">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<h2>Recording of Transactions 2 Class 11 MCQs Questions with Answers<\/h2>\n<p>Question 1.<br \/>\nWhen a firm maintains a cash book, it need not maintain<br \/>\n(a) Journal Proper<br \/>\n(b) Purchases (journal) book<br \/>\n(c) Sales (journal) book<br \/>\n(d) Bank and cash account in the ledger<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (d) Bank and cash account in the ledger<\/p>\n<\/details>\n<hr \/>\n<p>Question 2.<br \/>\nDouble column cash book records<br \/>\n(a) All transactions<br \/>\n(b) Cash and bank transactions<br \/>\n(c) Only cash transactions<br \/>\n(d) Only credit transactions<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (b) Cash and bank transactions<\/p>\n<\/details>\n<hr \/>\n<p>Question 3.<br \/>\nGoods purchased on cash are recorded in the<br \/>\n(a) Purchases (journal) book<br \/>\n(b) Sales (journal) book<br \/>\n(c) Cash book<br \/>\n(d) Purchases return (journal) book<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (c) Cash book<\/p>\n<\/details>\n<hr \/>\n<p>Question 4.<br \/>\nCash book does not record transaction of:<br \/>\n(a) Cash nature<br \/>\n(b) Credit nature<br \/>\n(c) Cash and credit nature<br \/>\n(d) None of these<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (b) Credit nature<\/p>\n<\/details>\n<hr \/>\n<p>Question 5.<br \/>\nTotal of these transactions is posted in purchase account:<br \/>\n(a) Purchase of furniture<br \/>\n(b) Cash and credit purchase<br \/>\n(c) Purchases return<br \/>\n(d) Purchase of stationery<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (b) Cash and credit purchase<\/p>\n<\/details>\n<hr \/>\n<p>Question 6.<br \/>\nThe periodic total of sales return journal is posted to :<br \/>\n(a) Sales account<br \/>\n(b) Goods account<br \/>\n(c) Purchases return account<br \/>\n(d) Sales return account<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (d) Sales return account<\/p>\n<\/details>\n<hr \/>\n<p>Question 7.<br \/>\nCredit balance of bank account in cash book shows :<br \/>\n(a) Overdraft<br \/>\n(b) Cash deposited in our bank<br \/>\n(c) Cash withdrawn from bank<br \/>\n(d) None of these<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (a) Overdraft<\/p>\n<\/details>\n<hr \/>\n<p>Question 8.<br \/>\nThe periodic total of purchases return journal is posted to :<br \/>\n(a) Purchase account<br \/>\n(b) Profit and loss account<br \/>\n(c) Purchase returns account<br \/>\n(d) Furniture account<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (c) Purchase returns account<\/p>\n<\/details>\n<hr \/>\n<p>Question 9.<br \/>\nBalancing of account means<br \/>\n(a) Total of debit side<br \/>\n(b) Total of credit side<br \/>\n(c) Difference in total of debit &amp; credit<br \/>\n(d) None of these<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: (c) Difference in total of debit &amp; credit<\/p>\n<\/details>\n<hr \/>\n<p><span style=\"color: #0000ff;\">Fill in the Correct Words<\/span><\/p>\n<p>Question 1.<br \/>\nCash book is a &#8230;&#8230;&#8230;&#8230;&#8230;.. journal.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Subsidiary<\/p>\n<\/details>\n<hr \/>\n<p>Question 2.<br \/>\nIn Journal proper, only &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. discount is recorded.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Cash<\/p>\n<\/details>\n<hr \/>\n<p>Question 3.<br \/>\nReturn of goods purchased on credit to the suppliers will be entered in &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. Journal.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Purchases Return<\/p>\n<\/details>\n<hr \/>\n<p>Question 4.<br \/>\nAssets sold on credit are entered in &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Journal Proper<\/p>\n<\/details>\n<hr \/>\n<p>Question 5.<br \/>\nDouble column cash book records transaction relating to &#8230;&#8230;&#8230;&#8230;&#8230;. and &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Cash, Bank<\/p>\n<\/details>\n<hr \/>\n<p>Question 6.<br \/>\nTotal of the debit side of cash book is &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.. than the credit side.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: More<\/p>\n<\/details>\n<hr \/>\n<p>Question 7.<br \/>\nCash book does not record the &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. transactions.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Credit<\/p>\n<\/details>\n<hr \/>\n<p>Question 8.<br \/>\nIn double column cash book &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.. transactions are also recorded.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Bank<\/p>\n<\/details>\n<hr \/>\n<p>Question 9.<br \/>\nCredit balance shown by a bank column in cash book is &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Overdraft<\/p>\n<\/details>\n<hr \/>\n<p>Question 10.<br \/>\nThe amount paid to the petty cashier at the beginning of a period is known as &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. amount.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Imprest<\/p>\n<\/details>\n<hr \/>\n<p>Question 11.<br \/>\nIn purchase book goods purchased on &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;. are recorded.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: Credit<\/p>\n<\/details>\n<hr \/>\n<p><span style=\"color: #0000ff;\">State whether the following statements are True or False<\/span><\/p>\n<p>Question 1.<br \/>\nJournal is a book of secondary entry.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>Question 2.<br \/>\nOne debit account and more than one credit account in a entry is called compound entry.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: True<\/p>\n<\/details>\n<hr \/>\n<p>Question 3.<br \/>\nAssets sold, on credit are entered in sales journal.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>Question 4.<br \/>\nCash and credit purchases are entered in purchase journal.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>Question 5.<br \/>\nCash sales are entered in sales journal.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>Question 6.<br \/>\nCash book records transactions relating to receipts and payments.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: True<\/p>\n<\/details>\n<hr \/>\n<p>Question 7.<br \/>\nLedger is a subsidiary book.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: True<\/p>\n<\/details>\n<hr \/>\n<p>Question 8.<br \/>\nPetty cash book is a book having record of big payments.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>Question 9.<br \/>\nCash received is entered on the debit side of cash book.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: True<\/p>\n<\/details>\n<hr \/>\n<p>Question 10.<br \/>\nTransaction recorded both on debit and credit side of cash book is known as contra entry.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: True<\/p>\n<\/details>\n<hr \/>\n<p>Question 11.<br \/>\nBalancing of account means total of debit and credit side.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>Question 12.<br \/>\nCredit purchase of machine is entered in purchase journal.<\/p>\n<details>\n<summary><span style=\"color: #0000ff;\">Answer<\/span><\/summary>\n<p>Answer: False<\/p>\n<\/details>\n<hr \/>\n<p>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&#8217;ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/ncertsolutions.guru\/mcq-questions-for-class-11-accountancy-chapter-4\/\"> <span class=\"screen-reader-text\">MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[35],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions 2 with Answers - NCERT Solutions<\/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:\/\/ncertsolutions.guru\/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 - NCERT Solutions\" \/>\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. 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