Recording of Transactions 2 MCQs with answers

Dear candidates you will find MCQ questions of 11th Class - Accountancy | Chapter: Recording of Transactions 2 here. Learn these questions and prepare yourself for coming examinations. You can check the right answer of any question by clicking the option or by clicking view answer button.
All subjects and chapters of 11th Class are listed below. You can select any subject and chapter below to learn mcq questions of that chapter and subject.

Q. The first book of original entry is-
  • (A) Journal
  • (B) Ledger
  • (C) Trial Balance
  • (D) None of these
💬 Discuss
✅ Correct Answer: (B) Ledger
Q. ‘Drawings’ falls under which account-
  • (A) Personal account
  • (B) Real account
  • (C) Nominal account
  • (D) None of these
💬 Discuss
✅ Correct Answer: (A) Personal account
Q. Income tax is treated as-
  • (A) Business Expense
  • (B) Direct Expense
  • (C) Personal Expense
  • (D) Indirect Expense
💬 Discuss
✅ Correct Answer: (D) Indirect Expense
Q. A cheque on which two parallel lines are drawn in the left top corner is called –
  • (A) Bearer cheque
  • (B) Traveller’s cheque
  • (C) Account payee cheque
  • (D) None of these
💬 Discuss
✅ Correct Answer: (C) Account payee cheque
Q. Cash purchase of goods is recorded in-
  • (A) Purchase book
  • (B) Sales book
  • (C) Cash – book
  • (D) None of these
💬 Discuss
✅ Correct Answer: (C) Cash – book
Q. Credit purchase of furniture shall be recorded in-
  • (A) Purchase book
  • (B) Journal book
  • (C) Cash – book
  • (D) none of these
💬 Discuss
✅ Correct Answer: (B) Journal book
Q. Who prepares a debit note-
  • (A) Seller
  • (B) Purchaser
  • (C) Cashier
  • (D) None of these
💬 Discuss
✅ Correct Answer: (B) Purchaser
Q. Return of goods by a customer is recorded in-
  • (A) Purchase book
  • (B) Sales book
  • (C) Sales return book
  • (D) Purchase return book
💬 Discuss
✅ Correct Answer: (C) Sales return book

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Table of contents

  1. The first book of original entry is-
  2. ‘Drawings’ falls under which account-
  3. Income tax is treated as-
  4. A cheque on which two parallel lines are drawn in the left top corner is called –
  5. Cash purchase of goods is recorded in-
  6. Credit purchase of furniture shall be recorded in-
  7. Who prepares a debit note-
  8. Return of goods by a customer is recorded in-

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