Test: Subsidiary Books - 2


15 Questions MCQ Test Principles and Practice of Accounting | Test: Subsidiary Books - 2


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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. 

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QUESTION: 2

Debit note issued are used to prepare _______

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QUESTION: 3

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

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QUESTION: 4

 The weekly or monthly total of the purchase Book is 

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QUESTION: 5

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

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QUESTION: 6

PURCHASE Book is used to record

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QUESTION: 7

 The Sale Returns Book records

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QUESTION: 8

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

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QUESTION: 9

Which of the following is not a subsidiary book?

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The totals appearing in the Day Books are entered into a ledger account and the Day Books are therefore subsidiary books of account that are not part of the double entry. The balance in the Cash Book is an asset that appears in the Trial Balance and Statement of financial position.

QUESTION: 10

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

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QUESTION: 11

 A note sent by buyer on return of goods is : 

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QUESTION: 12

 Purchases day book records:

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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 ?

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QUESTION: 14

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

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QUESTION: 15

Goods Outward Journal is meant for recording all returns of goods

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