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Purchase Book and Purchase Returns - Class XI Accounting

Questions about purchase book, purchase returns book, and related accounting records for credit purchases

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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)

If the purchases made during the year were Rs. 60, 000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12, 000 and Rs. 9, 000 respectively and the gross profit on sales was 1/5th, when which one of the following represent :-

  1. Rs. 15, 750
  2. Rs. 14, 000
  3. Rs. 12, 500
  4. Rs. 17, 250
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)

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 9 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 10 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
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