Recording of Transactions Class 11 MCQ: Check the below NCERT MCQ Questions for Accountancy Recording of Transactions Class 11 MCQ with Answers Pdf free download. Recording of Transactions Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Recording of Transactions Class 11Questions with Answers to help students understand the concept very well.

Recording of Transactions Class 11 MCQ

1. Cash book always show-
(a) Debit balance
(b) Credit balance
(c) Debit or Credit balance
(d) None of these

2. The cash book meant for recording petty expenses is called –
(a) Simple cash book
(b) Petty cash book
(c) Triple column
(d) None of these

3. The entry which affects cash and bank column of a triple column cash book is known as –
(a) Compound entry
(b) Contra entry
(c) Journal entry
(d) None of these

4. What statement is used while closing a Drawing Account ?
(a) Balance c/d
(b) By Trading A/c
(c) By P & L A/c
(d) By Capital Account

5. The entry which is passed for bringing forward the balances of personal and Real Account as shown in the last year’s balance sheet is called –
(a) Closing entry
(b) Journal entry
(c) Opening entry
(d) None of these

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By Team Learning Mantras