QUESTION BANK

CLASS 11
SUBJECT- ACCOUNTANCY (PART-I)
CHAPTER-4 RECORDING OF TRANSACTIONS-II

Multiple Choice Questions (MCQs)

1. Which of the following is recorded in the purchase book?

a. Cash purchases
b. Credit purchases of goods
c. Credit purchases of assets
d. All of the above
Answer: b. Credit purchases of goods
2. The journal proper is used for:
a. Cash transactions
b. Adjustment entries
c. Closing entries
d. Both b and c
Answer: d. Both b and c
3. Which book is used to record transactions that do not fit in any subsidiary books?
a. Cash book
b. Purchase book
c. Journal proper
d. Sales book
Answer: c. Journal proper
4. The total of the sales book is posted to:
a. Sales Account
b. Purchase Account
c. Cash Account
d. Capital Account
Answer: a. Sales Account
 5. In the cash book, credit transactions are:
a. Recorded in the debit column
b. Recorded in the credit column
c. Not recorded
d. Recorded in a separate column
Answer: c. Not recorded

Very Short Answer Questions

1. What is a subsidiary book?

Answer: A subsidiary book is a book of original entry where similar types of
transactions are recorded.
2. Name any two types of subsidiary books.
Answer: Purchase book and sales book.
3. What is the purpose of the cash book?
Answer: The cash book is used to record all cash receipts and payments.
4. Define journal proper.
Answer: Journal proper is a subsidiary book used to record transactions that cannot
be recorded in any other subsidiary books.
5. Mention one feature of the purchase book.
Answer: It records credit purchases of goods only.

Short Answer Questions

1. Explain the difference between the cash book and the purchase book.
Answer:
o The cash book records all cash transactions (receipts and payments), while
the purchase book records only credit purchases of goods.
o The cash book is also part of the ledger, while the purchase book is a
subsidiary book.
2. Why are subsidiary books prepared in an organization?
Answer: Subsidiary books are prepared to classify and record transactions of similar
 nature, making it easier to maintain accounts and reduce the workload on the
journal.
3. What are contra entries in the cash book? Give an example.
Answer: Contra entries are transactions that involve both cash and bank accounts,
recorded on both sides of the cash book. Example: Depositing cash into the bank.
4. What is the format of a sales book?
Answer:

Date Invoice No. Customer Name Details Amount

5. Explain the term "petty cash book."

Answer: A petty cash book is used to record small, repetitive payments like postage,
stationery, and conveyance expenses.

Long Answer Questions

1. Define subsidiary books and explain their types with examples.

Answer:
Subsidiary books are specialized books of original entry used to record specific types
of transactions. Types include:
o Purchase Book: Records credit purchases of goods. Example: Buying
inventory on credit.
o Sales Book: Records credit sales of goods. Example: Selling goods to a
customer on credit.
o Cash Book: Records all cash receipts and payments. Example: Receiving cash
from a debtor.
o Journal Proper: Records adjustment and rectification entries. Example:
Writing off bad debts.
2. Differentiate between a trade discount and a cash discount with examples.
Answer:
o Trade Discount: Deducted at the time of sale/purchase and not recorded in
the books. Example: A 10% discount on bulk purchases.
 o Cash Discount: Given for prompt payment and recorded in the books.
Example: A 5% discount for paying within 7 days.
3. What is the importance of maintaining a cash book?
Answer:
The cash book helps in:
o Tracking all cash transactions systematically.
o Ensuring proper control over cash.
o Facilitating easy preparation of the trial balance and final accounts.
4. Explain the structure and function of a three-column cash book.
Answer:
A three-column cash book has columns for cash, bank, and discount. It is used to
record:
o Cash transactions.
o Bank transactions.
o Discounts allowed and received.
Format:
| Date | Particulars | L.F. | Discount Allowed | Cash | Bank |
5. Discuss the utility of the journal proper in accounting.
Answer:
The journal proper is essential for recording:
o Adjustment entries.
o Rectification entries.
o Opening and closing entries.
o Transactions not covered in other subsidiary books.

Fill in the Blanks

1. Transactions recorded in the purchase book are always on ________.

Answer: Credit
2. The cash book serves the purpose of both a ________ and a ________.
Answer: Journal, ledger
3. Goods sold on credit are recorded in the ________ book.
Answer: Sales
4. ________ entries are recorded in the journal proper.
Answer: Adjustment
5. The ________ book records frequent small payments.
Answer: Petty cash
Dear Teachers and Students,

Join School of Educators' exclusive WhatsApp, Telegram, and Signal groups for FREE access
to a vast range of educational resources designed to help you achieve 100/100 in exams!
Separate groups for teachers and students are available, packed with valuable content to
boost your performance.

Additionally, benefit from expert tips, practical advice, and study hacks designed to enhance
performance in both CBSE exams and competitive entrance tests.

Don’t miss out—join today and take the first step toward academic excellence!

Join the Teachers and Students

Group by Clicking the Link Below
JOIN OUR
WHATSAPP
GROUPS
FOR FREE EDUCATIONAL
RESOURCES
JOIN SCHOOL OF EDUCATORS WHATSAPP GROUPS
FOR FREE EDUCATIONAL RESOURCES
We are thrilled to introduce the School of Educators WhatsApp Group, a
platform designed exclusively for educators to enhance your teaching & Learning
experience and learning outcomes. Here are some of the key benefits you can
expect from joining our group:

BENEFITS OF SOE WHATSAPP GROUPS

Abundance of Content: Members gain access to an extensive repository of

educational materials tailored to their class level. This includes various formats such
as PDFs, Word files, PowerPoint presentations, lesson plans, worksheets, practical
tips, viva questions, reference books, smart content, curriculum details, syllabus,
marking schemes, exam patterns, and blueprints. This rich assortment of resources
enhances teaching and learning experiences.

Immediate Doubt Resolution: The group facilitates quick clarification of doubts.

Members can seek assistance by sending messages, and experts promptly respond
to queries. This real-time interaction fosters a supportive learning environment
where educators and students can exchange knowledge and address concerns
effectively.

Access to Previous Years' Question Papers and Topper Answers: The group
provides access to previous years' question papers (PYQ) and exemplary answer
scripts of toppers. This resource is invaluable for exam preparation, allowing
individuals to familiarize themselves with the exam format, gain insights into scoring
techniques, and enhance their performance in assessments.
 Free and Unlimited Resources: Members enjoy the benefit of accessing an array of
educational resources without any cost restrictions. Whether its study materials,
teaching aids, or assessment tools, the group offers an abundance of resources
tailored to individual needs. This accessibility ensures that educators and students
have ample support in their academic endeavors without financial constraints.

Instant Access to Educational Content: SOE WhatsApp groups are a platform where
teachers can access a wide range of educational content instantly. This includes study
materials, notes, sample papers, reference materials, and relevant links shared by
group members and moderators.

Timely Updates and Reminders: SOE WhatsApp groups serve as a source of timely
updates and reminders about important dates, exam schedules, syllabus changes, and
academic events. Teachers can stay informed and well-prepared for upcoming
assessments and activities.

Interactive Learning Environment: Teachers can engage in discussions, ask questions,

and seek clarifications within the group, creating an interactive learning environment.
This fosters collaboration, peer learning, and knowledge sharing among group
members, enhancing understanding and retention of concepts.

Access to Expert Guidance: SOE WhatsApp groups are moderated by subject matter
experts, teachers, or experienced educators can benefit from their guidance,
expertise, and insights on various academic topics, exam strategies, and study
techniques.

Join the School of Educators WhatsApp Group today and unlock a world of resources,
support, and collaboration to take your teaching to new heights. To join, simply click
on the group links provided below or send a message to +91-95208-77777 expressing
your interest.

Together, let's empower ourselves & Our Students and

inspire the next generation of learners.

Best Regards,
Team
School of Educators
 Join School of Educators WhatsApp Groups

You will get Pre- Board Papers PDF, Word file, PPT, Lesson Plan, Worksheet, practical
tips and Viva questions, reference books, smart content, curriculum, syllabus,
marking scheme, toppers answer scripts, revised exam pattern, revised syllabus,
Blue Print etc. here . Join Your Subject / Class WhatsApp Group.

Kindergarten to Class XII (For Teachers Only)

Class 1 Class 2 Class 3

Class 4 Class 5 Class 6

Class 7 Class 8 Class 9

Class 10 Class 11 (Science) Class 11 (Humanities)

Class 11 (Commerce) Class 12 (Science) Class 12 (Humanities)

Class 12 (Commerce) Kindergarten

Subject Wise Secondary and Senior Secondary Groups
(IX & X For Teachers Only)
Secondary Groups (IX & X)

SST Mathematics Science

English Hindi-A IT Code-402

Hindi-B Artificial Intelligence

Senior Secondary Groups (XI & XII For Teachers Only)

Physics Chemistry English

Mathematics Biology Accountancy

Economics BST History

 Geography Sociology Hindi Elective

Hindi Core Home Science Sanskrit

Psychology Political Science Painting

Vocal Music Comp. Science IP

Physical Education APP. Mathematics Legal Studies

Entrepreneurship French IT

Artificial Intelligence

Other Important Groups (For Teachers & Principal’s)

Principal’s Group Teachers Jobs IIT/NEET

 Join School of Educators WhatsApp Groups

You will get Pre- Board Papers PDF, Word file, PPT, Lesson Plan, Worksheet, practical
tips and Viva questions, reference books, smart content, curriculum, syllabus,
marking scheme, toppers answer scripts, revised exam pattern, revised syllabus,
Blue Print etc. here . Join Your Subject / Class WhatsApp Group.

Kindergarten to Class XII (For Students Only)

Class 1 Class 2 Class 3

Class 4 Class 5 Class 6

Class 7 Class 8 Class 9

Class 10 Class 11 (Science) Class 11 (Humanities)

Class 11 (Commerce) Class 12 (Science) Class 12 (Humanities)

Class 12 (Commerce) Artificial Intelligence

(VI TO VIII)
Subject Wise Secondary and Senior Secondary Groups
(IX & X For Students Only)
Secondary Groups (IX & X)

SST Mathematics Science

English Hindi IT Code

Artificial Intelligence

Senior Secondary Groups (XI & XII For Students Only)

Physics Chemistry English

Mathematics Biology Accountancy

Economics BST History

 Geography Sociology Hindi Elective

Hindi Core Home Science Sanskrit

Psychology Political Science Painting

Music Comp. Science IP

Physical Education APP. Mathematics Legal Studies

Entrepreneurship French IT

AI IIT/NEET CUET
Groups Rules & Regulations:
To maximize the benefits of these WhatsApp groups, follow these guidelines:

1. Share your valuable resources with the group.

2. Help your fellow educators by answering their queries.
3. Watch and engage with shared videos in the group.
4. Distribute WhatsApp group resources among your students.
5. Encourage your colleagues to join these groups.

Additional notes:
1. Avoid posting messages between 9 PM and 7 AM.
2. After sharing resources with students, consider deleting outdated data if necessary.
3. It's a NO Nuisance groups, single nuisance and you will be removed.
No introductions.
No greetings or wish messages.
No personal chats or messages.
No spam. Or voice calls
Share and seek learning resources only.

Please only share and request learning resources. For assistance,

contact the helpline via WhatsApp: +91-95208-77777.
 Join Premium WhatsApp Groups
Ultimate Educational Resources!!

Join our premium groups and just Rs. 1000 and gain access to all our exclusive
materials for the entire academic year. Whether you're a student in Class IX, X, XI, or
XII, or a teacher for these grades, Artham Resources provides the ultimate tools to
enhance learning. Pay now to delve into a world of premium educational content!

Click here for more details

Class 9 Class 10 Class 11

Class 12

📣 Don't Miss Out! Elevate your academic journey with top-notch study materials and secure
your path to top scores! Revolutionize your study routine and reach your academic goals with
our comprehensive resources. Join now and set yourself up for success! 📚🌟

Best Wishes,

Team
School of Educators & Artham Resources
 SKILL MODULES BEING OFFERED IN
MIDDLE SCHOOL

Artificial Intelligence Beauty & Wellness Design Thinking & Financial Literacy
Innovation

Handicrafts Information Technology Marketing/Commercial Mass Media - Being Media

Application Literate

Data Science (Class VIII Augmented Reality /

Travel & Tourism Coding
only) Virtual Reality

Digital Citizenship Life Cycle of Medicine & Things you should know What to do when Doctor
Vaccine about keeping Medicines is not around
at home

Humanity & Covid-19 Blue Pottery Pottery Block Printing

 Food Food Preservation Baking Herbal Heritage

Khadi Mask Making Mass Media Making of a Graphic

Novel

Kashmiri Embroidery Satellites

Rockets
Embroidery

Application of Photography
Satellites
SKILL SUBJECTS AT SECONDARY LEVEL (CLASSES IX – X)

Retail Information Technology Automotive

Security

Introduction To Financial Introduction To Tourism Beauty & Wellness Agriculture

Markets

Food Production Front Office Operations Banking & Insurance Marketing & Sales

Health Care Apparel Multi Media Multi Skill Foundation

Course

Artificial Intelligence
Physical Activity Trainer Electronics & Hardware
Data Science
(NEW)

Foundation Skills For Sciences Design Thinking & Innovation (NEW)

(Pharmaceutical & Biotechnology)(NEW)
 SKILL SUBJECTS AT SR. SEC. LEVEL
(CLASSES XI – XII)

Retail InformationTechnology Web Application Automotive

Financial Markets Management Tourism Beauty & Wellness Agriculture

Food Production Front Office Operations Banking Marketing

Health Care Insurance Horticulture Typography & Comp.

Application

Geospatial Technology Electrical Technology Electronic Technology Multi-Media

 Taxation Cost Accounting Office Procedures & Shorthand (English)
Practices

Shorthand (Hindi) Air-Conditioning & Medical Diagnostics Textile Design

Refrigeration

Salesmanship Business Food Nutrition &

Design
Administration Dietetics

Mass Media Studies Library & Information Fashion Studies Applied Mathematics
Science

Yoga Early Childhood Care & Artificial Intelligence Data Science

Education

Physical Activity Land Transportation Electronics & Design Thinking &

Trainer(new) Associate (NEW) Hardware (NEW) Innovation (NEW)
 Join School of Educators Signal Groups

You will get Pre- Board Papers PDF, Word file, PPT, Lesson Plan, Worksheet, practical
tips and Viva questions, reference books, smart content, curriculum, syllabus,
marking scheme, toppers answer scripts, revised exam pattern, revised syllabus,
Blue Print etc. here . Join Your Subject / Class signal Group.

Kindergarten to Class XII

Class 2 Class 3
Class 1

Class 5 Class 6
Class 4

Class 7 Class 8 Class 9

Class 10 Class 11 (Science) Class 11 (Humanities)

Class 11 (Commerce) Class 12 (Science) Class 12 (Humanities)

Class 12 (Commerce) Kindergarten Artifical intelligence

 Subject Wise Secondary and Senior Secondary
Groups IX & X

Secondary Groups (IX & X)

SST Mathematics Science

Hindi-B
English Hindi-A

IT Artifical intelligence
IT Code-402

Senior Secondary Groups XI & XII

Physics Chemistry English

Biology Accountancy
Mathematics

BST History
Economics
 Geography Sociology Hindi Elective

Hindi Core Home Science Sanskrit

Psychology Political Science Painting

IP
Vocal Music Comp. Science

Physical Education APP. Mathematics Legal Studies

IIT/NEET
Entrepreneurship French

Artifical intelligence CUET

 Join School of Educators CBSE Telegram Groups

Kindergarten

All classes Class 1 Class 2

Class 3 Class 4 Class 5

Class 6 Class 7 Class 8

Class 9 Class 10 Class 11 (Sci)

Class 11 (Com) Class 11 (Hum) Class 12 (Sci)

Class 12 (Com) Class 12 (Hum) JEE/NEET

CUET NDA, OLYMPIAD, NTSE Principal Professional Group

Teachers Professional Group Project File Group

Join School of Educators ICSE Telegram Groups

Kindergarten Class 1 Class 2

Class 3 Class 4 Class 5

Class 6 Class 7 Class 8

Class 9 Class 10 Class 11 (Sci)

Class 11 (Com) Class 11 (Hum) Class 12 (Sci)

Class 12 (Com) Class 12 (Hum)