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CBSE - Class 11 Accountancy Recording of Transactions – I Worksheet
Purchased Goods for Cash for ₹4,00,000 at 15% Trade Discount and 4% Cash Discount, Cash A/c will be debited by
₹
? 3,24,000
b.? 3,26,400
c.?3,44,000
d.? 60,000
Ledger Folio Column in Journal is filled at the time of
Preparing Trial Balance
b.Journalising
c.Preparing Subsidiary Books
d.Posting
All transactions recorded in Journal are subsequently transferred to
Voucher
b.Ledger
c.Profit and Loss Account
d.None
Outstanding Expenses A/c is
Personal Account
b.Real Account
c.Nominal account
d.Expenses Account
Trade Discount is deducted from the
Cash Memo
b.Invoice of Book
c.List Price
d.All of the above
All transactions recorded in Journal are subsequently transferred to
Voucher
b.Ledger
c.Profit and Loss Account
d.None
Journal is sub divided into a number of Sub Journals known as
Journal Proper
b.Return Inward a/c
c.Special Purpose Subsidiary Books
d.All of the above
Rebate is usually allowed
With trade Discount
b.With Cash Discount
c.For inferior quality of Goods Sold
d.Option A & B Both
Wages paid for the installation of a New Machinery will be debited to
Machinery Account
b.Wages Account
c.Office Expenses Account
d.Business Expenses Account
It is not necessary to use word 'Account ' after the
Personal Account
b.Assets Account
c.Liability Account
d.Real Account
What will be Journal entry for Interest Due but Not Received
Interest a/c dr
To Accured Interest a/c
b.Capital a/c Dr.
To Interest a/c
c.Interest a/c. Dr
To Interest Received a/c
d.Accured Interest a/c Dr.
To Interest a/c
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