NCERT Class 11 Chapter 3 Accountancy Recording of Transactions 2 MCQ | Questions & Answers

NCERT Class 11 Chapter 3 Accountancy Recording of Transactions 2 MCQ | Questions & Answers: Interested in taking an online MCQ Quiz on NCERT Class 11 Chapter 3 Accountancy Recording of Transactions 2 Concept well then go through this article to attempt the Multiple Choice Questions and Answers we have provided here and learn new concepts too.

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1. For GST paid on inter-state of goods, which of the following account is credited:

2. Balancing of account means :

3. If total assets of a business are ₹ 1,80,000 and net worth is ₹ 50,000, outside liability will be

4. The cash – book meant for recording petty expenses is called –

5. Salary due for the month of march will appear in ______ side of the cash book.

6. Rent paid is a

7. _______ is not a subsidiary book.

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

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

10. Balancing of account means