Question

SHRI SAMARTH VIDYALAYA & JR. COLLEGE,
JOGESHWARI (E), MUMBAI 400 060.
ANNUAL EXAM 2020 - 2021
Std - XI Com
Markg. 50
Sub - Book-keeping & Accountancy
Time – 2.00 hrs
Date - 06/05/2021
(15)
2.1 A)
Select the most appropriate answer from the alternatives given below and
rewrite the sentences.
Totalling of Journal or Ledger is called as
a) Casting b) Folio c) Posting
expenditure
Expenditure incurred on purchase of Fixed asset is
a) Revenue b) Capital c) Deferred Revenue
3)
is called as prime entry book
a) Ledger b) Cash Book c) Journal
Every Debit has corresponding
a) Credit
b) Debit
c) Right side
5)
system
Conventional system of accounting is
a) Double entry b) Indian c) English
Goodwill is
a) Current
asset
b) Tangible
c) Intangible
7)
Insurance premium is
a) Nominal b) Real
account
c) Personal
8)
Goods account is
b) Personal
account
b) Real c) Nominal
9)
discount is not recorded in books of account.
GST
b) Cash c) Trade
10)
meant explanation of transaction recorded in the Journal.
a) Narration b) Posting c) Casting
Sub division of Journal is known as
a) Purchase b) Subsidiary
book.
c) Cash
le by Susana
12)
Only
transactions are recorded in cash book
b) Selling
c) Cash
a) Credit
13)
invoice
Entries in purchase book are made on the basis of
a) Inward b) Outward c) Debit Note
und by our
14)
book.
Credit purchase of machinery is recorded in
a) Purchase
b) Journal Proper
C)
Sales
15)
Overdraft facility is offered by bank on
account.​

Answer 1

1 : casting

2: capital

3: cash book

4: debit

5: cost accounting

6: intangible

7: personal

8: Nominal

9: Trade

10: don't know

11: subsidiary

12: cash

pls follow me I hope you got all correct answers.

Thanks.