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1. Rectifying the error of a credit purchase of goods worth Rs. 10,000 recorded as credit sale to Mr. D, discovered two months later. A. Journal Proper (General journal) B. Sales Book C. Cash Book D. Purchase book

2. A___________ is sent to a customer when he returns goods : A. Debit Note B. Credit Note C. Proforma Invoice D. None of the above

5. Following are not subsidiary books: A. Sales Book B. Cash book C. purchase book D. Bills Receivable book

7. The source document or voucher used for recording entries in sales Book is : A. Invoice received B. Invoice sent out C. Credit notes sent out D. Debit notes received

8. The total of the Purchase Day Book is posted periodically to the : A. Debit of purchases A/c B. Credit of purchase A/c C. Cash Book D. None of these

9. Unpaid salary for Rs. 340 is to be provided for in the accounts. A. Bills Receivable Book B. Purchases Book C. Journal Proper (General Journal) D. Purchases Return

10. Total of Sales Book will be posted : A. In Debit side of Sales Account B. In Credit side of purchases account C. In Credit side of Sales Account D. In Debit side of Sales return account

11. Goods Outward Journal is meant for recording all returns of goods A. Sold on credit B. Purchased on credit C. Purchased on cash D. None of the above

12. Goods sold for cash Rs. 10,000 plus 10% sales tax. Sales A/c will be credited by: A. Rs. 11,000 B. Rs. 10,000 C. Rs. 9,000 D. None

13. A bills receivable of Rs. 1,000, which was received from a debtor in full settlement for a claim of Rs. 1,100 is dishonoured. A. Purchases Return Book B. Bills Receivable Book C. Purchases Book D. Journal Proper (General journal)

14. The total of the purchases day book is posted periodically to the debit of : A. Purchases account B. Cash book C. Journal proper D. None of these

15. In Purchases Book the record is in respect of A. Cash purchase of goods, B. Credit purchase of goods dealt in, C. All purchases of goods. D. None of the above

16. Credit purchase of stationery worth Rs. 5,000 by a stationery dealer. A. Purchase book B. Sales book C. Cash book D. Journal proper (General journal)

17. Purchase of furniture on credit should be recorded in _______ A. Purchase book B. Sales book C. Cash book D. Journal

18. Total of the Purchase Return Book is posted to the ______ side of Purchase Return Account in the ledger: A. Debit B. Credit C. No where D. None of these

20. The debit note issued are used to prepare A. Sales return book B. Purchase Return Book C. Sales book D. Purchases book