Books of Prime Entry Two Marks Question

11th Standard

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. What are source documents?

  2. What is accounting equation?

  3. How are personal accounts classified?

  4. State the accounting rule for nominal account

  5. Give the Meaning of Debit note.

  6. What is meant by external liabilities?

  7. How will you record Rs 5,000 paid for installation charges paid on new machine bought?

  8. What will be the amount of capital if cash is Rs 5,000; Furniture Rs 10,000; Stock Rs 20,000 and Creditors Rs 5,000?

  9. What is Pay-in-Slip?

  10. What is Cheque?

  11. What do the following Journal Entries mean?
    Cash A/c Dr.
    To Furniture A/c

  12. What do the following Journal Entries mean?
    Bank A/c Dr.
    To Cash A/c

  13. Journalise the following opening entry:

      Rs
    Cash in hand 2,000
    Creditors 13,000
    Plant 50,000
    Debtors 18,000
    Furniture 5,000
  14. If a transaction has the effect of decreasing an asset, is the decrease recorded as a debit or as Credit? If the transaction has the effect of decreasing a liability, is the decrease recorded as a debit or as a credit?

  15. What are the nature of accounting

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