InstaQB

Home
Institutions
- Institutions
  
  Polytechnic Colleges
  
  Medical Colleges
  
  Arts & Science Colleges
  
  Universities
  
  Engineering Colleges
  
  Agricultural Colleges
  
  Research Institute
  
  Law Colleges
  
  Audiology and Speech Colleges
  
  Business & Management colleges
  
  Nursing colleges
  
  Hotel Management institutes
  
  Aeronautical Colleges
  
  Bachelor's Degree
Syllabus
Courses
Stateboard
- 12th Standard English Medium
  
  Maths
  
  Physics
  
  Chemistry
  
  Biology
  
  Computer Science
  
  Business Maths
  
  Economics
  
  Commerce
  
  Accountancy
  
  History
  
  Computer Applications
  
  Computer Technology
  12th Standard Tamil Medium
  
  உயிரியல்
  
  கணினி பயன்பாடுகள்
  
  கணினி அறிவியல்
  
  வணிகக் கணிதம்
  
  வணிகவியல்
  
  பொருளியல்
  
  கணிதவியல்
  
  வேதியியல்
  
  இயற்பியல்
  
  கணினி தொழில்நுட்பம்
  
  வரலாறு
  
  கணக்குப்பதிவியல்
  11th Standard English Medium
  
  Maths
  
  Commerce
  
  Economics
  
  Biology
  
  Business Maths
  
  Accountancy
  
  Computer Science
  
  Physics
  
  Chemistry
  
  Computer Applications
  
  History
  
  Computer Technology
  
  Bio - Zoology
  11th Standard Tamil Medium
  
  கணிதவியல்
  
  உயிரியல்
  
  பொருளியல்
  
  இயற்பியல்
  
  வேதியியல்
  
  வணிகக் கணிதம்
  
  கணினி அறிவியல்
  
  கணக்குப்பதிவியல்
  
  வணிகவியல்
  
  கணினி பயன்பாடுகள்
  10th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  9th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  
  8th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
  7th Standard English Medium
  
  Mathematics
  
  Science
  
  Social Science
ICSE/ISC
- Class XII
  
  Mathematics
  
  Physics
  
  Accountancy
  
  Biology
  
  History
  
  Geography
  
  Psychology
  
  chemistry
  
  Economics
  
  Computer Science
  
  Political Science
  
  Business Studies
  Class XI
  
  Accountancy
  
  Chemistry
  
  Mathematics
  
  Biology
  
  Geography
  
  Physics
  
  History
CBSE
- 12Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Geography
  
  Socialogy
  
  Business Studies
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  
  Home Science
  11Th Standard
  
  Physics
  
  Chemistry
  
  Maths
  
  Biology
  
  History
  
  Economics
  
  Commerce
  
  Socialogy
  
  Business Studies
  
  Geography
  
  Home Science
  
  Computer Science
  
  Biotechnology Class
  
  Political Science
  10Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  Mathematics
  
  Economics
  
  Geography
  
  History & Civics
  
  Computer Application
  9Th Standard
  
  Physics
  
  Chemistry
  
  Biology
  
  mathematics
  
  Computer Application
  
  Economics
  
  Geography
  
  History & Civics

11th Accountancy Weekly Test - 1 ( subsidiary books - I )

MABS Institution

11th Accountancy Weekly Test - 1 ( subsidiary books - I )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

The periodical total of the Sales Return Book is posted to the_________.

Debit side of Sales Account
Debit side of Sales Return Account
Credit side of Sales Return Account
Debit side of Debtors Return Account

The person who endorses is called the _____

Endorser
Endorsee
Drawer
Drawee

The discount allowed, at the time of receiving money from the customers before the expiry period is _____

Cash discount
Trade discount
Both
None of these

The person who has to make the payment or who accepts to make the payment is calied

Drawer
Drawee
Payee
All of these

The total of the sales book is posted periodically to the credit of ____

Sales account
Cash account
Purchases account
Journal proper

Days of grace are _____ in number.

three
four
five
nine

Subsidiary books are maintained in___________.

Big business concerns
Small business concerns
Banks
None of the above

Transferring the title of the bill to another person is _____________.

discounting of bills
endorsement of bills
dishonour of bills

The protest certificate is issued by _____________.

Government
drawer
Notary Public

Which of the following books should be used to record purchase of furniture on credit?

Petty Cash Book
Journal Proper
Cash Book
None of the above

Part - B

Generic 2 - Answer All Question

What type of discount is offered by Joseph?

What is meant by Protest?
What are the parties to the bill of exchange?

Enter the following transactions in the purchases return book of M/s. Sutha a Saree dealer.

2017 July 10   Singhal Mills, accepted the returns of goods (which were purchased for Cash)
10 Silk sarees @ Rs 100

July 15   Returned to Aggarwal Mills

  100 Silk sarees @ Rs 110

  Less: Trade discount @ 10%

July 18   Returned one typewriter (being defective) @ Rs 3,500 to Garg & Co.

July 25   Returned to Grover & Sons.

  50 Kota sarees @ Rs 60

  Less: Trade Discount @ 10%

What is drawing a bill?

Part - C

Generic 3 - Answer All Question

Write the following transactions in proper subsidiary books of Mr Rajasekaran.

2014 May 10   Purchased goods from Raman Rs 15,000.

May 14   Returned goods to Raman Rs 500.

May 18   Purchased goods from Sekaran Rs 10,000.

May 20   Pradeep sold goods to us Rs 20,000.

May 24   Sent a Debit note to Sekaran for goods damaged in transit Rs 1,000.

Explain any three advantages of subsidiary books.

Mention the subsidiary books in which the following transactions are recorded.
(i) Sale of goods for cash
(ii) Sale of goods on credit
(iii) Purchases of goods on credit
(iv) When the proprietor takes goods for personal use
(v) Goods returned to suppliers for which cash is not received immediately
(vi) Asset purchased as credit.
Write notes on closing entries.

Give specimens of the following:
(a) Purchases book,
(b) Sales book,
(c) Purchases return book,
(d) Sales return book.

Part - D

Generic 5 - Answer All Question

From the following transactions of Ram Home Appliances for July 2017 prepare purchases book and ledger accounts connected with this book:

2017

July 5 Purchased on credit from Kannan & Co.

50 iron boxes @ Rs 500 each

10 grinders @ Rs 3,000 each

July 6 Purchased for cash from Siva & Bros.

  25 fans @ Rs 1,250 each

July 10 Purchased from Balan & Co. on credit

  20 grinders @ Rs 2,500 each

  10 mixies @ Rs 3,000 each

Less: Trade discount @ 10%

Delivery charges Rs 1,000

July 20 Purchased on credit, one copier machine from Kumar for Rs 35,000

Prepare necessary subsidiary books in the books of Niranjan and also Sachin account and Mukil account from the following transactions for the month of February 2017.

    Rs

2017 Feb 1   Purchased goods from Mukil Traders on credit 12,480

Feb 4   Goods sold to Sachin Traders on credit 15,000

Feb 6   Sold goods to Manish Traders on credit 12,100

Feb 7   Sachin Traders returned goods for which cash is not paid   1,200

Feb 9   Returned goods to Mukil Traders for which cash is not received   1,500

Feb 10   Sold goods to Manish & Co., on credit 13,300

Feb 14   Purchased from Mukil Traders on credit 15,200

Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April 2017.

2017 April 1   Purchased goods from Prasad, Kancheepuram on credit

  100 meters Silk @ Rs 450 per meter

  75 meters Velvet @ Rs 180 per meter

April 10   Sold goods to Rathinam, Chennai on credit

  60 meters Silk @ Rs 490 per meter

  50 meters Velvet @ Rs 210 per meter

April 18   Nathan & Sons purchased from us on credit

  100 meters Silk @ Rs 510 per meter

April 20   Purchased goods from Hari Ram & Sons, Madurai on credit

     50 rolls kada cloth @ Rs 730 per roll

  80 rolls cotton cloth @ Rs 650 per roll

April 24   Purchased from Mohan, Karur for cash

     Shirting cloth @ Rs 7,000

  Sarees @ Rs 25,000

Enter the following transactions in the Sales book of Kamala Stores, a furniture shop.

2017 May 2   Sold to Naveen Stores, Trichy on credit 5 computer tables @ Rs 1,750 per table

May 9   Sold to Deepa & Co., Madurai on credit 6 dining tables @ Rs 1,900 per dining table

May 15   Sold to Rajesh 10 dressing tables @ Rs 2,750 each on credit

May 24   Sold to Anil 5 wooden tables @ Rs 1,250 per table on credit

May 27   Sold to Gopi 3 old computers @ Rs 3,500 each

May 29   Sold 50 chairs to Anil @ Rs 275 each for cash

From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.

2017 Dec. 1 Bought from M/s. Umadevi on credit

100 copies Business Statistics Book @ Rs.80 each

100 copies Accountancy Book @ Rs.150 each

Dec. 7 Sold to Sridevi & Co., on credit

240 copies Business Statistics @ Rs.90 each

250 copies Accountancy books @ Rs.170 each

Dec. 10 Bought from Subha & Co.,

40 Copies Economics books @ Rs.80 each

Less: 15% Trade Discount

Dec. 15 Returned to Mis. Vma Devi 10 copies of damaged Accountancy book for which cash is not received

Dec. 18 Sold to Gupta Bros., on credit

200 copies of Economics book @ Rs.95 each

Dec. 26 Returned 6 copies of Economics books to Subha & Co.,

Comment

Add Comment

Tamilnadu Stateboardszs - Class