This a MCQ (Multiple Choice Question) based practice test of Chapter 4- Preparation of Journal Ledger Account etc of Accountancy of Class XI (11) for the quick revision/preparation of School Board examinationsQ Goods purchased on cash are recorded in the :a)Purchases (journal) bookb)Sales (journal) bookc)Cash bookd)Purchases return (journal)bookCorrect answer is option 'C'. Can you explain this answer?

Question

Answer

Because cash book is where only the cash transactions are recorded........ so it is an example of cash purchase

Answer

C

Answer

Cash book only as cash is associated else if it was credit one then purchases book

Answer

Because all cash related transaction recorded in cash book for example cash sales cash purchase

Answer

Because it is a cash transiction. purchase book record only credit purchase transiction

Answer

The correct answer is C: Cashbook. All the transaction related to cash will be recorded in cashbook only. In Purchases Book we record credit purchase only.

Answer

Goods purchased on cash is recorded in the cash book and all the cash sales and cash purchase is also recorded in the cash book only because there is no credit transaction in cash purchase and cash sales..So they will be recorded in the cASH BOoK .... similarly all the credit purchase will be recorded in the purchase book and credit sales in the sales book..... hope u understand......

Answer

Explanation:

The correct answer is option 'C' i.e. Cash book.

When goods are purchased on cash, it is recorded in the cash book. A cash book is a book of original entry or prime entry in which cash transactions are recorded in a chronological order. It is a subsidiary book which contains all cash receipts and cash payments including those which are made through cheques and bank drafts.

The cash book is important because it provides a complete record of all cash transactions. It is used to prepare the bank reconciliation statement which is used to check the accuracy of the cash book and the bank statement.

When goods are purchased on credit, it is recorded in the purchases journal. The purchases journal is used to record all credit purchases of goods. It is a book of original entry or prime entry where all purchases of goods on credit are recorded.

When goods are sold on cash, it is recorded in the sales journal. The sales journal is used to record all credit sales of goods. It is a book of original entry or prime entry where all sales of goods on credit are recorded.

When goods are returned to the supplier, it is recorded in the purchases return journal. The purchases return journal is used to record all returns of goods to the supplier. It is a book of original entry or prime entry where all returns of goods to the supplier are recorded.

Conclusion:
Hence, it can be concluded that goods purchased on cash are recorded in the cash book.

Answer

C

Answer

Cash book bcoz it is a cash transactions I.e, it is done in cash not on credit so it will be recorded in cash book as all the cash transactions are recorded in it

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