NCERT Class 11 Chapter 3 Accountancy Recording of Transactions 1 MCQ | Questions & Answers

NCERT Class 11 Chapter 3 Accountancy Recording of Transactions 1 MCQ | Questions & Answers: Check out this article to access the NCERT Class 11 Chapter 3 Accountancy Recording of Transactions 1 MCQ Quiz. After attempting the multiple choice questions and answers of Class 11 Chapter 3 Accountancy Recording of Transactions 1 check the marks you have scored by taking the quiz.

 0%

Page 1 of 3

1. Anil, the Petty Cashier of Ebony, has an imprest of Rs.5,000 out of which he pays for petty expenses. He submits the details of payments every 15 days which is reimbursed to him. He submitted the details for 15 days that ended on 15th April, 2012 amounting to Rs. 4,900. He has with him unpaid expense vouchers amounting to Rs.2,200. How much amount should be paid to him?

2. It is system of paying advance in the beginning and reimbursing the amount spent from time to time to the petty cashier.

3. The Sales Book is a part of:

4. Which account will be debited in case Life insurance premium is paid by proprietor from business cash?

5. While passing an opening entry, all the assets are______while all the liabilities are_____

6. Which account will be debited in case wages are paid for installation of machinery?

7. What are total number of subsidiary books available to record financial transactions?

8. Name the transaction that is recorded in both sides of Cash book simultaneously.

9. All the indirect expenses are closed to_____

10. The Sales Return Book always has______balance