Subsidiary Books - I Model Question Paper

11th Standard

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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Sales return book is used to record_________

    (a)

    Returns of goods by the customer for which cash is paid immediately

    (b)

    Returns of goods by the customer for which cash is not paid immediately

    (c)

    Returns of assets by the customer for which cash is not paid immediately

    (d)

    Returns of assets by the customer for which cash is paid immediately

  2. The source document or voucher used for recording entries in sales book is ____

    (a)

    Debit note

    (b)

    Credit note

    (c)

    Invoice

    (d)

    Cash receipt

  3. ______ is one of the most important books, in which credit purchases of goods are recorded.

    (a)

    Purchase book

    (b)

    Sales book

    (c)

    Purchases returns book

    (d)

    None of these

  4. _____ in duplicate is prepared in the name of the buyer when goods are returned

    (a)

    Credit note

    (b)

    Debit note

    (c)

    Both 'a' and 'b'

    (d)

    None of these

  5. _____ is a statement prepared by a trader who receives back from his customer the goods sold.

    (a)

    Debit note

    (b)

    Credit note

    (c)

    Both

    (d)

    None of these

  6. 6 x 2 = 12
  7. What is journal proper ?

  8. What is an invoice?

  9. What is Subsidiary book?

  10. What is Bills?

  11. What is trade discount?

  12. Distinguish between sales book and sales account.

  13. 6 x 3 = 18
  14. Give the format of purchases book.

  15. What are the advantages of subsidiary books?

  16. What are the difference between Cash Discount and Trade Discount?

  17. What are the features of a bill of exchange?

  18. Write a note on (i) Bills Receivable Book (ii) Bills Payable Book.

  19. Explain any three advantages of subsidiary books.

  20. 3 x 5 = 15
  21. Enter the following transactions in the Purchases book of MIs. Subhashree Electric Co., which deals in electric goods

    2017 April 5 Purchased from Karthik Electric Co., on credit
    10 Electric iron box @ RS 2,500 each
    5 electric stoves @ Rs 2,000 each
     
     
    April 19 Purchased on credit from Khaitan Electric Co.,
      3 electric heaters @ Rs6,000 each
    April 25 Purchased from Polar Electric Co., on credit
      10 Fans @ Rs2,000 each
    April 29 Purchased from M & Co. for cash
      10 electric stoves @ Rs 3,000 each
  22. Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

     2017 April 1   Purchased goods from Prasad, Kancheepuram on credit 
        100 meters Silk @ Rs 450 per meter
        75 meters Velvet @ Rs 180 per meter
     April 10   Sold goods to Rathinam, Chennai on credit
        60 meters Silk @ Rs 490 per meter
        50 meters Velvet @ Rs 210 per meter
    April 18   Nathan & Sons purchased from us on credit
        100 meters Silk @ Rs 510 per meter
    April 20   Purchased goods from Hari Ram & Sons, Madurai on credit  
         50 rolls kada cloth @ Rs 730 per roll
        80 rolls cotton cloth @ Rs 650 per roll
    April 24   Purchased from Mohan, Karur for cash
         Shirting cloth @ Rs 7,000
        Sarees @ Rs 25,000
  23. Enter the following transactions in proper subsidiary books.

        Rs.
    2013,
    March1
    Purchased goods from Balaraman 2,000
    2 Sold goods to Senthil 1,000
    3 Goods purchased from Durai 1,000
    5 Sold goods to Saravanan 700
    8 Sold goods to Senthil 500
    10 Purchased goods from Elangovan 600
    14 Purchased goods from Parthiban 300
    20 Sold goods to Sukumar 600

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