Free MCQ’s Quiz for Class 11 Accountancy Chapter 4 – 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 4 – Recording of Transactions. Recording of Transactions shows that the businesses keep a cash book to keep records of their cash and bank transactions.

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. The book which is used for recording all the transactions related to cash received and cash payment Known as ___.

Cash Book

Cash Book

Purchase book

Purchase book

Sales book

Sales book

Journal proper

Journal proper

#2. Cashbook is a journal or ledger?

Journal

Journal

Ledger

Ledger

Both of the above

Both of the above

None of the above

None of the above

#3. Cashbook is both journal and ledger. Hence, it may be called as journalised ledger. Sate true or false.

True

True

False

False

#4. It is a type of special journal where small expenses of repetitive nature are recorded.

Petty Cashbook

Petty Cashbook

Single column cash book

Single column cash book

Double column cash book

Double column cash book

Bills receivable book

Bills receivable book

#5. Sales account always show debit balance and purchase account always show a credit balance. State true or false.

True

True

False

False

#6. The discount allowed on cash transactions is known as?

Cash Discount

Cash Discount

Trade Discount

Trade Discount

Quantity Discount

Quantity Discount

Seasonal Discount

Seasonal Discount

#7. Give an example of tangible and intangible assets?

Goodwill is intangible assets and Stock is Tangible assets.

Goodwill is intangible assets and Stock is Tangible assets.

Stock is intangible assets and Goodwill is Tangible assets.

Stock is intangible assets and Goodwill is Tangible assets.

Land is intangible assets and Copyright is Tangible assets.

Land is intangible assets and Copyright is Tangible assets.

Investment is intangible assets and Patents is Tangible assets.

Investment is intangible assets and Patents is Tangible assets.

#8. Which subsidiary book records interest on capital?

Journal Book

Journal Book

Cash Book

Cash Book

Purchase Book

Purchase Book

Sales Book

Sales Book

#9. Which account do ‘drawings' belong to?

Personal account

Personal account

Real account

Real account

Nominal account

Nominal account

None of the above

None of the above

#10. From the following, which is not a subsidiary book?

Purchase Return Book

Purchase Return Book

Ledger

Ledger

Purchase Book

Purchase Book

Sales Book

Sales Book

finish