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Subsidiary Books

Question 1 of 3

Q1 . Petty expenses paid in cash are recorded in:

Q2 . Opening and closing entries are recorded in :

Q3 . Three column cash book records

Q4 . The total of the sales return book is posted periodically to the debit of

Q5 . Total of purchase return book is posted periodically to the credit of _________.

Q6 . The total of the sales book is posted periodically to the credit of

Q7 . Double column cash book records

Q8 . The total of the purchase day book is posted periodically to the debit of

Q9 . Petty Cash is used for payment of

Q10 . Goods were sold on credit basis to XY Bros, for RS. 1,000. This will be recorded in

Q11 . Credit purchase of stationery worth Rs. 10,000 by a stationery dealer will be recorded in

Q12 . Bad debts entry is passed in

Q13 . A debit note for Rs.500 issued by Mr.Marshall to Mr.Fisher for goods returned by Mr.Marshall is to be accounted for

Q14 . Journal Proper records ____________.

Q15 . When the goods are returned to a supplier

Q16 . Return Inwards books records _____________

Q17 . The purchases Journal records

Q18 . A _________ is sent to a customer when he returns the goods.

Q19 . The weekly or monthly total of the purchase book is

Q20 . Purchase of a fixed assets on credit basis is recorded in ____________.

Q21 . The petty cashier generally work on__________ system.

Q22 . Sale or return day book is a

Q23 . Cash column in cash book has always __________.

Q24 . A cheque of Rs.35,000 received by M/s Nandini was endorsed to M/s Chandini on account of fullsettlement of Rs.35,500 on 1st october 2006. Chandini deposited the same into the bank on 4th October 2006,In the books of M/s Chandini, the amount to be debited on 1st October 2006 will be

Q25 . The balance of the petty cash is__________

Q26 . Trade discount allowed at the time of sale of goods is

Q27 . Purchases book records:

Q28 . Balance of Petty Cash Book is posted to ledger

Q29 . When a cheque is returned dishonoured, it is recorded on

Q30 . Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?

Q31 . Atul purchased goods costing Rs. 50,000 at an invoice price, which is 50% above cost. On invoice price he enjoyed 15% trade discount and Rs.3,750 cash discount on cash payment of goods in lump sum at the time of purchase. The purchase price to be recorded in the books before cash discount will be

Q32 . A started business with Rs. 10,000 cash and Rs. 2,000 furniture. Sales amounted to Rs. 50,000 including Rs. 5000 cash sale. Rs. 10,000 sales were outstanding at the end of the year. Purchases amounted to Rs. 30,000 including Rs. 10,000 cash purchase. Rs. 15,000 has been paid to creditors. Expenses paid during the year are Rs. 19,300. Cash balance at the end will be

Q33 . Cash discount allowed to a debtor should be credited to

Q34 . passed only when

Q35 . Cash book is a form of

Q36 . M/s Delhi Stationers purchase 1,000 pes of cover file @ Rs. 275 per 100. The wholesaler offered 5% sales tax on net price. Transport charges were Rs. 50. The purchase price per piece of cover file will be

Q37 . Following are the sales return of Jindal & Co. a saree dealer Date Credit Note 05.01.2006 201 Goyal & Co. Rampur returned 2 Polyster sarees @ 125 10.01.2006 202 Accepted return of goods (which were sold for cash from Garf & Co. Bhiwani, 2 Kota Sarees @ Rs.50. 17.01.2006 203 Mittal & Co. Hissar returned 2 silk sarees @ Rs.325 31.01.2006 Mohan returned one old type writer@ Rs.500. Total of sales return book will be

Q38 . X started business with cash Rs.1,00,000 cash and furniture Rs.20,000.He bought goods worth Rs.3,00,000 on credit basis. Sales amount to Rs.5,00,000 including Rs.50,000; cash sales Rs.1,00,000 sales were outstanding at the end of the year. Cash balance after giving affect of above transactions will be

Q39 . Returns of cash sales is recorded in