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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. Closing entries are recorded in _____

    (a)

    Cash book

    (b)

    Ledger

    (c)

    Journal proper

    (d)

    Purchases book

  3. ______ is the statement prepared by the seller of goods.

    (a)

    Voucher

    (b)

    Receipt

    (c)

    Invoice

    (d)

    Ledger Folio

  4. Goods returned by the customers may also be known as _____

    (a)

    purchase returns

    (b)

    returns inward

    (c)

    returns outward

    (d)

    none of these

  5. When a bill is drawn payable after a specified period the date on which the payment should be made is called _____

    (a)

    due date

    (b)

    bill of exchange

    (c)

    dishonoured bill

    (d)

    renewal of bill

  6. 5 x 2 = 10
  7. What is an opening entry ?

  8. What is drawing a bill?

  9. What is due date?

  10. What are the reasons for goods returned to the supplier?

  11. What are grace days?

  12. 5 x 3 = 15
  13. Give the format of purchases book.

  14. What are the advantages of subsidiary books?

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

  16. Write notes on rectifying entries.

  17. Explain the purposes of various subsidiary books.

  18. 4 x 5 = 20
  19. Enter the following transactions in the proper subsidiary books of Suman who is dealing in electronic goods for the month of January 2017.

     2017 Jan. 2   Purchased from Mis. Raj Electronics on credit 
        20 cell phones @ Rs 5,500 per piece
        10 colour TVs @ Rs 14,500 per piece
    Jan. 5   Purchased from Mis. Ruby Electronics on credit  
        10 radios @ Rs 1,650 per piece
        8 Tape recorders @ Rs 2,500 per piece
        Trade discount on all items @ 10%
    Jan. 10   Returned to M/s. Raj Electronics 4 cell phones damaged and cash not received
    Jan. 20   Purchased from Mis. Suganthi Electronics on credit
        10 radios @ Rs 3,700 per piece
        2 Sony colour TVs @ Rs 27,000 per piece
        Trade discount @ 5% on all items
  20. Record the following transactions in the purchases book of Raja Furniture:

     2017   
     May 4    Purchased from Kasi Furnitures, Kanyakumari  
            10 chairs @ Rs 300 each
            4 tables @ Rs 800 each
     May 6   Purchased for cash from Welcome Furniture, Vellore   
           2 almirahs @ Rs 2,000 each
           4. chairs @ Rs 200 each
               Less: Trade discount @ 5%
     May 10   Bought furniture from Murugan Furniture Mart, Nagapattinam   
           10 chairs @ Rs 250 each
           5 tables @ Rs 750 each
           Delivery and packing charges Rs 150
     May 20   Purchased 2 computers for office use from Anandan & Co., Adyar on credit for Rs 5,550 each 
     May 25   Purchased from Gowtham & Co., Chennai
            10 chairs @ Rs 550 each
            15 steek cabinets @ Rs 2,000 each
                   Delivery charges Rs 200
                   Less: Trade discount @ 10%
  21. Enter the following transactions in returns inward book of Magesh a textile dealer:

     2017   
     April 6   Returned by Shankar 30 shirts each costing Rs 150.due to inferior quality.
     April 8   Amar Tailors returned 10 T-shirts, each costing Rs 100, on account of being not in accordance with their order.
     April 21   Prema Stores returned 12 Salwar sets each costing Rs 200; being not in accordance with order.
  22. Enter the following transactions in the proper subsidiary books of Mr. Somu.
    2013, Nov. 1 Bought from Gopal 300 bags of Wheat Rs.1,000 per bag less trade discount 10%
    3 Purchased from Madhavan 150 bags of Rice Rs. 900 per bag less trade discount 10%
    5 Returned to Gopal 10 bags of Wheat which were purchased on 1.11.13
    7 Sold to Shiva 50 bags of Rice Rs.1,200 per bag less Trade Discount 5%
    12 Sold to Sharma 25 bags of Wheat Rs.1,300 per bag less Trade Discount 10%
    14 Returned 15 bags of Rice to Madhavan.
    15 Shiva returned 5 bags of rice.
    17 Bought from Rajan 200 bags of Wheat Rs.950 per bag
    24 50 bags of Wheat returned to Rajan.

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