Subsidiary Books II - Important Question Paper

11th Standard

    Reg.No. :
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Accountancy

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    Multiple  Choice  Question

    10 x 1 = 10
  1. Cash book is a_______

    (a)

    Subsidiary book

    (b)

    Principal book

    (c)

    Journal proper

    (d)

    Both subsidiary book and principal book

  2. The cash book records____.

    (a)

    All cash receipts

    (b)

    All cash payments

    (c)

    Both (a) and (b)

    (d)

    All credit transactions

  3. When a firm maintains a simple cash book, it need not maintain_______.

    (a)

    Sales account in the ledger

    (b)

    Purchases account in the ledger

    (c)

    Capital account in the ledger

    (d)

    Cash account in the ledger

  4. A cash book with discount, cash and bank column is called_______

    (a)

    Simple cash book

    (b)

    Double column cash book

    (c)

    Three column cash book

    (d)

    Petty cash book

  5. In Triple column cash book, the balance of bank overdraft brought forward will appear in_________

    (a)

    Cash column debit side

    (b)

    Cash column credit side

    (c)

    Bank column debit side

    (d)

    Bank column credit side

  6. _________ transactions are not recorded in the cash book

    (a)

    Cash

    (b)

    Credit

    (c)

    Both

    (d)

    None of these

  7. ___________ discount is allowed to the parties making prompt or immediate payment.

    (a)

    Trade

    (b)

    Credit

    (c)

    Cash

    (d)

    None of these

  8. The ______________ column Cash book is prepared on the lines of simple cash book

    (a)

    Single

    (b)

    Double

    (c)

    Three

    (d)

    None of these

  9. In addition to cash dealings, every business may use cheques as a means of ___________

    (a)

    receipts

    (b)

    payment

    (c)

    incomes

    (d)

    expenses

  10. Part B

    Answer all the Two Mark Questions

    6 x 2 = 12
  11. What is three column cash book?

  12. What is cash discount?

  13. What is trade discount?

  14. What is a petty cash book?

  15. Is it safe and convenient to carry on the business transactions only in cash?

  16. Part C

    Answer all the Three Mark Questions

    6 x 3 = 18
  17. Explain the meaning of imprest system of petty cash book.

  18. Briefly explain about contra entry with examples.

  19. What are the importance of cash book?

  20. Explain the types of petty cash books?

  21. When his business becomes large, what other books will he be maintaining?

  22. Part D

    Answer all the Five  Mark Questions

    2 x 5 = 10
  23. Enter the following transactions in a single column cash book of Seshadri for May, 2017

    May 1   Rs
    5 Cash in hand 40,000
    7 Cash received from Swathi 4,000
    10 Purchased goods from Sasikala for cash 6,000
    15 Sold goods for cash 9,000
    18 Purchased computer 15,000
    22 Cash paid to Sabapathi 5,000
    28 Paid Salary 2,500
    30 Interest received 500
  24. Enter the following transaction in Chandran's cash book with cash and discount column.

        Rs
    2017 Nov 1 Cash balance 22,000
    2 Cash Sales 14,000
    3 Credit sales to Govindan 12,000
    4 Credit purchases from Balaraman 27,000
    5 Cash purchases 8,800
    8 Govindan settled his account @ 2% cash discount  
    12 Paid Balaraman Rs 26,800 and settle his account  
    15 Cash withdrawn for personal expenses 4,000
    28 Cash paid into Bank 5,000
    29 Received from Madhan Rs 4,800 in settlement of his account for 5,000
    30 Paid salaries in cash 4,000

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