Class XI - Accounts Test Paper 2021

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SHORT ANSWER QUESTIONS 1. give specimen of the following, with two entries in each :- (i) Purchase bank, *

1 point

(ii) Purchase Return book. *

1 point

2.Explain Debit and credit note in five sentences *

1 point

3. Name the various entries which have to be passed through a journal even though we might Have kept all the subsidiary books in the business. *

1 point

VERY SHORT ANSWER QUESTIONS 1. What is a purchase book? *

1 point

It is a subsidiary book which records credit purchases of goods.

2. what is a sales books? *

1 point

It is a subsidiary book which records credit sales of goods.

3. Give one point of distinction between purchase book and purchase Account. *

1 point

Purchase book is a part of journal whereas purchase account is a part of ledger.

4. what is a debit note? *

1 point

A debit note is prepared by the purchaser when goods are returned by him. It is called a Debit note because the party’s account is debited with the amount written in it.

5. what is a credit note? *

1 point

A credit note is prepared by the seller when the goods sold are received back. It is credit a Credit note because the party’s account, from whom goods are received back. Is credited With the amount written in the note.

6. Mention two transaction which are recorded in journal proper *

1 point

(i) opening Entry (ii) Closing Entries.

7. An old machinery was sold to manish for Rs56,000. Name the book in which this entry will be Recorded. *

1 point

Journal Proper.

8. “ When a sales book is maintained there is no need to open sales account in the Ledger’’. Do \ You agree? *

1 point

No. Because Sales Book recorded only credit sales of goods whereas sales account recorded Both cash as will as credit sales.

(A) Match the transaction in column I with relevant subsidiary books in column II Column I Column II (i) Credit purchases (a) Return outward book (ii) Depreciation (b) Sales book (iii) Goods returned to Alisha (c) Journal proper (iv) Trade discount allowed (d) Purchase book *

1 point

(i)-(A); (ii)-(B); (iii)-C; (iv)-D

(i)-(D); (ii)-(C); (iii)-B; (iv)-A

(i)-(B); (ii)-(D); (iii)-A; (iv)-C

(i)-(D); (ii)-(C); (iii)-A; (iv)-B

(B) Choose the best Alternate 1. Purchases book is used to record : *

1 point

Purchases of goods

credit Purchases of goods

Credit Purchases of asset

All credit Purchase

(B) 2. Debit notes issued are used to prepare: *

1 point

Purchases Return book

Sales Return book

Purchase book

Sales book

(B) 3. …………… is not a subsidiary book *

1 point

Purchases Return book

Option 2

Ledger

Sales book

(B) 4. Recording is made in purchases book: *

1 point

After deducting in trade discount

After adding trade discount

After deducting cash discount

After adding cash discount

(B) 5. Debit note is the source of writing : *

1 point

A debit entry in an account

A sale to a person

Sale Return book

Journal Proper

(B) 6. Total of purchase Return column in the purchases Return book is posted to: *

1 point

Purchases Return A/c – Debit

Purchases Return A/c – credit

Purchases A/c –Debit

Purchase A/c – credit

(B) 7. Total of sales return column in the sales Return book is posted to: *

1 point

Sales A/c- Debit

Sales A/c –credit

Sales Return A/c-debit

Sales Return A/c – Credit

(B) 8. In case lesser amount is recorded in sales invoice by mistake, then a ……………… is sent *

1 point

Debit note

Credit note

Cash note

Debit or credit note

(B) 9. A trader entered into following transaction. As a result, total of Purchase column in the Purchase book will be: (i) Goods purchased from gaurav Rs8,000 (ii) Good purchase from Sudhir for cash Rs10,000 (iii) Goods purchased from Kamal on credit Rs25,000 (iv) Machinery purchased from Dinesh on credit Rs40,000 *

1 point

Rs83,000

Rs73,000

Rs33,000

Rs25,000

(B) 10. Good taken away by the proprietor from business for his personal use will be recorded in: *

1 point

Journal Book

Journal

Journal Day Book

Journal Proper

(B) 11. Recording is made in Journal proper of : *

1 point

All transactions

Those transactions which are not recorded in any subsidiary book.

All cash transactions

All credit Transactions

(B) 12. Recording is made in journal proper of: *

1 point

Opening Entries

Closing Entries

Adjustment Entries

All of the above

(B) 13. The balance of sales column in the sales day book is Rs30,000. Rs5,000 were recovered from Debtors. The balance of sales column will be transferred by which amount? *

1 point

Rs25,000

Rs30,000

Rs20,000

Rs 35,000

(B) 14. A note sent by buyer on return of goods is *

1 point

Credit note

Return note

Debit note

None of these

(B) 15. Goods sold for cash Rs25,000 plus 12% IGST. Sales A/c will be credited by: *

1 point

Rs22,000

Rs25,000

Rs28,000

None of these

(B) 16. Purchase of furniture on credit should be recorded *

1 point

Journal

Purchase Book

Cash book

Journal proper

(B) 17. A …………… is sent to a supplier when we return goods. *

1 point

Debit Note

Credit note

Proforma Invoice

None of these

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