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Free MCQ’s Quiz on Class 11 Accountancy Chapter 3 – Recording of Transactions – Set 1

Free MCQ’s Quiz for Class 11 Accountancy Chapter 3 – Recording of Transactions with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 11th Accountancy – ‘Recording of Transactions’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 11 Accountancy Chapter 3 – Recording of Transactions. Recording of Transactions is involved in each step in the accounting process. The first stage is to identify the transactions to be recorded and prepare the source documents, which are then entered in the journal.

To make you perfect in this topic – Recording of Transactions, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Recording of Transactions

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Free MCQ’s on Recording of Transactions

Each set of MCQ’s consists of 10 Questions and you can see the results immediately after submitting the Set.

Results

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#1. In a ledger book, which account is the first to be opened?

#2. How many columns does a ledger have (on one side)?

#3. State whether True or False. Assets = Liabilities – Capital

#4. The total of the debit and credit sides of a ledger account is referred to as.

#5. Both cash and credit transactions are entered in the cash–book. State whether True or False.

#6. In journal, the ledger folio (L.F.) column used to:

#7. What is the journal entry to record the sale of services on credit?

#8. Which of the following will be included in the journal entry to record salaries?

#9. Received 50,000 for returning damaged office stationery. The account to be credited is_____.

#10. Collected 35,000 from debtors. The account to be credited is ____.

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Tanya Jha

Wow I got 10/10.

Editor (Success Roar Classes)

That’s Great! Keep practising

Tanya Jha

Wow I got 10/10

Tanya Jha

I got 7/10.

Tanya Jha

It’s helpful for me. I got 7/10.

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