Test: Subsidiary Books - 2 | 15 Questions MCQ Test

QUESTION: 1

Rectifying the error of a credit purchase of goods worth Rs. 10,000 recorded as credit sale to Mr. D, discovered two months later.

A.
Journal Proper (General journal)
B.
Sales Book
C.
Cash Book
D.
Purchase book

Solution:

QUESTION: 2

Debit note issued are used to prepare _______

A.
Sales Return Book
B.
Purchase Return Book
C.
Journal Proper
D.
Purchase Book

Solution:

QUESTION: 3

A second hand motor car was purchased on credit from B Brothers for Rs. 10,000.

A.
Journal Proper (General Journal)
B.
Sales Book
C.
Cash book
D.
Purchase Book

Solution:

QUESTION: 4

The weekly or monthly total of the purchase Book is

A.
Posted to the debit of the Purchases Account,
B.
Posted to the debit of the Sales Account,
C.
Posted to the credit of the Purchases Account.
D.
None of the above

Solution:

QUESTION: 5

Purchase goods from E worth Rs. 5,000 on credit basis.

A.
Bills Receivable book
B.
Purchases book
C.
Journal Proper (General journal)
D.
Purchases Return

Solution:

QUESTION: 6

PURCHASE Book is used to record

A.
All purchase of goods
B.
All credit purchases
C.
All credit purchases of goods
D.
All credit purchases of assets

Solution:

QUESTION: 7

The Sale Returns Book records

A.
The return of goods purchased
B.
Return of anything purchased,
C.
Return of goods sold.
D.
None of the above

Solution:

QUESTION: 8

The source document or voucher used for recording entries in sales Book is :

A.
Invoice received
B.
Invoice sent out
C.
Credit notes sent out
D.
Debit notes received

Solution:

QUESTION: 9

Which of the following is not a subsidiary book?

A.
Sales Book
B.
Purchases Book
C.
Cash Book
D.
B/R Book

Solution:

QUESTION: 10

The total of the Purchase Day Book is posted periodically to the :

A.
Debit of purchases A/c
B.
Credit of purchase A/c
C.
Cash Book
D.
None of these

Solution:

QUESTION: 11

A note sent by buyer on return of goods is :

A.
Debit Note
B.
Credit Note
C.
Return Note
D.
None

Solution:

QUESTION: 12

Purchases day book records:

A.
All cash purchases.
B.
All credit purchases
C.
Credit purchases of goods in trade.
D.
None of the above

Solution:

QUESTION: 13

The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?

A.
Rs. 25,000
B.
Rs. 5,000
C.
Rs. 20,000
D.
Rs. 10,000

Solution:

QUESTION: 14

Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?

A.
Total cost of goods sold for the period.
B.
The quantity of a particular product sold during the period.
C.
The amount owed to a particular creditor.
D.
The portion of total current assets that consist of cash.

Solution:

QUESTION: 15

Goods Outward Journal is meant for recording all returns of goods

A.
Sold on credit
B.
Purchased on credit
C.
Purchased on cash
D.
None of the above

Solution:

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Test: Subsidiary Books - 2

15 Questions MCQ Test Crash Course of Accountancy - Class 11 | Test: Subsidiary Books - 2

Rectifying the error of a credit purchase of goods worth Rs. 10,000 recorded as credit sale to Mr. D, discovered two months later.

Debit note issued are used to prepare _______

A second hand motor car was purchased on credit from B Brothers for Rs. 10,000.

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