Quiz on Subsidiary Books

Quiz on Subsidiary Books

University

20 Qs

quiz-placeholder

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Quiz on Subsidiary Books

Quiz on Subsidiary Books

Assessment

Quiz

Professional Development

University

Medium

Created by

Abhijit Sengupta

Used 2+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Transactions recorded in the purchase book include only purchase of goods on credit

True

False

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Transactions regarding the purchase of Fixed Asset are recorded in the purchase book

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash Sales are recorded in the sales book

True

False

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchase book plays the role of journal as well as ledger

True

False

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Total of Return Outward book is posted on the credit side of Purchase Book

True

False

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchase of second hand Furniture on Credit will be recorded in purchase book

True

False

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Purchase Return book is also known as Return Inward Book

True

False

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