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Free MCQ’s Quiz on Class 11 Accountancy Chapter 4 – Recording of Transactions – Set 1

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 ___.

#2. Cashbook is a journal or ledger?

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

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

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

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

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

#8. Which subsidiary book records interest on capital?

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

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

finish

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