Journal Entries And Subsidiary Books

Journal records the transactions of a firm in a

• Periodical manner

• Summarised manner

• Systematic order

• Chronological order

Goods worth ₹10000 given away as charity would be credited to

• Sales A/c

• Purchases A/c

• Charity A/c

• Trustee A/c

Ram is our debtor for ₹100000.He became insolvent and only 70 paisa in a ₹ is received from him. The balance of ₹30000 would be entered to the :-

• Debit of Discount A/c

• Credit of Discount A/c

• Debit of Bad debts A/c

• Credit of Bad Debts A/c

Purchases of goods from X for cash should be credited to :-

• Purchase

• Cash

• X

• Y

Payment to ₹6000 as wages to workmen for installation of a machine should be debited to:-

• Wages A/c

• Repairs A/c

• Machinery A/c

Which is not contra entry in the cash book

• Cash deposited into bank

• Cash withdrawn from bank

• Cash withdrawn for personal use

• None of these

Cash book is a type of......................... But can be treated as....................... Of account.

• Subsidiary Book, Principal Book

• Principal Book, Subsidiary Book

• Subsidiary Book, Subsidiary Book

• Principal Book, Principal Book

If the debit as well as credit aspects of a transaction are recorded in the cash boom, it is called............................

• Contra Entry

• Compound Entry

• Opening Entry

• Adjustment Entry

A cheque is received and deposited into Bank is dishonoured by bank, it will be recorded in cash book in :-

• Bank column on debit side

• Bank Column oon credit side

• Cash column on debit side

• Cash column on Credit side

When a firm maintains a cash book, it need not maintain

• Journal Proper

• Purchase Book

• Sales Book

• Cash and Bank account in ledger