Subsidiary Books - I Book Back Questions

11th Standard

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Accountancy

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5
  1. Purchases book is used to record______

    (a)

    all purchases of goods

    (b)

    all credit purchases of assets

    (c)

    all credit purchases of goods

    (d)

    all purchases of assets

  2. Purchases of-fixed assets on credit basis is recorded in_______

    (a)

    Purchases book

    (b)

    Sales book

    (c)

    Purchases returns book

    (d)

    Journal proper

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

    (a)

    Debit note

    (b)

    Credit note

    (c)

    Invoice

    (d)

    Cash receipt

  4. Which of the following statements is not true?

    (a)

    Cash discount is recorded in the books of accounts

    (b)

    Assets purchased on credit are recorded in journal proper

    (c)

    Trade discount is recorded in the books of accounts

    (d)

    3 grace days are added while determining the due date of the bill

  5. Closing entries are recorded in _____

    (a)

    Cash book

    (b)

    Ledger

    (c)

    Journal proper

    (d)

    Purchases book

  6. 3 x 2 = 6
  7. Define bill of exchange.

  8. What is an opening entry ?

  9. What is an invoice?

  10. 3 x 3 = 9
  11. Give the format of purchases book.

  12. What are the advantages of subsidiary books?

  13. Write short notes on :
    (a) Endorsement of a bill and
    (b) Discounting of a bill

  14. 2 x 5 = 10
  15. Enter the following credit transactions in the purchases book of Manoharan, a Provisions Merchant.

    2017 May 2 Bought from Vasu 100 bags of rice @ Rs 800 per bag
    May 8 Bought from Cheyyar Sugar Mills Ltd., 20 bags of sugar @ Rs 2,600 Per bag
    May 10 Bought from Ram Flour Mill, Coimbatore, 10 bags of wheat flour @ Rs 750 per bag
    May 15 Bought from Nilgiri Tea Co., Nilgiris, 15 cases of tea @ Rs900 per case
    May 25 Bought from Sairam Coffee Works Ltd., 100 kgs of Coffee @ Rs190 per kg
    May 29 Bought from X & Co. furniture worth Rs 2,000
  16. Enter the following transactions in the purchases and sales books ofKannan, an automobile dealer, for the month of December 2017.

     2017 Dec.    Rs
    1   Bought from Sumathi gearboxes on credit   17,800
    4   Sold goods to Rani on credit 15,200
    6   Purchased goods on credit from Mani 7,000
    10   Sold goods on credit to Saranya 12,500
    17   Sold goods to Hussain on credit 13,250
    21   Purchased goods on credit from Raghunathan   10,000
    26   Sold goods to Shyam for cash 3,000

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