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Meaning and advantages of subsidiary books - class-IX

meaning and advantages of subsidiary books

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Questions

Question 1 Multiple Choice (Single Answer)

Purchase book is maintained to record _______________.

  1. All credit purchases
  2. All cash purchases
  3. Purchases of goods
  4. None of the above
Question 2 Multiple Choice (Single Answer)

Which of the following is not a main column of Sales or Return Journal ?

  1. Goods sent on approval
  2. Goods returned
  3. Goods approved
  4. Purchase
Question 3 Multiple Choice (Single Answer)

______records the details of goods returned by the business organization to the supplier(s). 

  1. Sales Return Book
  2. Purchase returns books
  3. Journal proper
  4. All of the above
Question 4 Multiple Choice (Single Answer)

Mr. N returns the goods of Rs $50,000$ purchases on credit to Mr. Z. This transaction will be recorded by Mr. N in _____and by Mr. Z in ________.

  1. Sales Return Book , Purchases Return Book
  2. Purchases Return Book, Sales Return Book
  3. Sales Return Book, Sales Book
  4. Purchases Return Book, Purchase Book
Question 5 Multiple Choice (Single Answer)

The source document required for recording transactions in Purchase Return Book.

  1. Debit note
  2. Credit note
  3. Cash memo
  4. Credit memo
Question 6 Multiple Choice (Single Answer)

In the purchase book, the record is in respect of _________.

  1. Cash purchase of goods
  2. Credit purchase of goods dealt in
  3. All purchases of goods dealt in
  4. None of these
Question 7 Multiple Choice (Single Answer)

Mr. N returns the goods of  50,000 purchased on credit to Mr. Z. This transaction will recorded by Mr. N in ______ and by Mr. Z in ______.

  1. Sales Return Book, Purchases Return Book
  2. Purchases Return Book Sales Return Book
  3. Sales Return Book, Sales book
  4. Purchases Return Book, Purchase Book
Question 8 Multiple Choice (Single Answer)

Sales day book is the summary of both cash and credit sales of the concern.

  1. True
  2. False
Question 9 Multiple Choice (Single Answer)

State with reasons whether the following statement is true or false:
The Purchase Day Book is a part of the ledger.

  1. True
  2. False
Question 10 Multiple Choice (Single Answer)

State with reasons whether the following statement is true or false:
Purchase Book records all purchases of goods.

  1. True
  2. False
Question 11 Multiple Choice (Single Answer)

State with reasons whether the following statement is true or false:
The Sales Day Book is a part of ledger. 

  1. True
  2. False
Question 12 Multiple Choice (Single Answer)

State with reasons whether the following statement is true or false:
Purchase Books records all the credit purchase of goods.

  1. True
  2. False
Question 13 Multiple Choice (Single Answer)

State with reasons whether the following statement is true or false:
The sales-Book is kept to record both cash and credit sales.

  1. True
  2. False
Question 14 Multiple Choice (Single Answer)

Under sales or return on approval basis, when the transactions are few and the customer accepts the goods on approval or return basis, the accounting treatment will be __________________.

  1. No Journal Entry
  2. Entry in Sales or Return Journal
  3. Entry in Sales or Return Day Book
  4. Sundry Debtors A/c Dr.

    To Sales A/c
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