11th Cbse accountancy 3rd sep

11th Cbse accountancy 3rd sep

11th Grade

5 Qs

quiz-placeholder

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11th Cbse accountancy 3rd sep

11th Cbse accountancy 3rd sep

Assessment

Quiz

Others

11th Grade

Practice Problem

Hard

Created by

Deepak Daultani

Used 1+ times

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Insurance premium paid for insuring the goods is debited to

Drawings A/c

Insurance expenses A/c

Cash A/c

Capital A/c

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Goods costing ₹ 500 given as charity (Sales Price ₹ 600) is credited to

Donation / Charity A/c by ₹ 500

Purchases A/c by ₹ 500

Purchases A/c by ₹ 600

Donation / Charity by ₹ 600

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Prakash, who owed ₹ 20,000 became insolvent. 70 paise in a rupee was received from his estate. Bad Debts Account will be debited by

₹ 20,000

₹ 10,000

₹ 6,000

₹ 14,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole trader took goods costing ₹ 1,000 from stock from his own use. The normal selling price of the goods is 1,500.

Which of the following Journal entries would correctly record this?

Dr. Drawings A/c and Cr. Purchases A/c by ₹ 1,000

Dr. Drawings A/c and Cr Sales A/c by ₹ 15,00

Dr. Drawings A/c and act Purchases A/c by ₹ 1,500

Dr. sales A/c and Cr . Drawings A/c by ₹ 1,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A compound/combined entry is a Journal entry derived by combining more than two accounts in one entry.

True

False

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