Recording of Transactions Class 11 MCQ | Accountancy Quiz for Class 11 and Other Competitive Exams

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

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1. The first book of original entry is-
(a) Journal
(b) Ledger
(c) Trial Balance
(d)None of these

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2. ‘Drawings’ falls under which account-
(a) Personal account
(b) Real account
(c) Nominal account
(d) None of these

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3. Income tax is treated as-
(a) Business Expense
(b) Direct Expense
(c) Personal Expense
(d) Indirect Expense

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4. A cheque on which two parallel lines are drawn in the left top corner is called –
(a) Bearer cheque
(b) Traveller’s cheque
(c) Account payee cheque
(d) None of these

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5. Cash purchase of goods is recorded in-
(a) Purchase book
(b) Sales book
(c) Cash book
(d) None of these

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By Team Learning Mantras