Download App

Model Paper 3 — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountModel Paper 31 Mark
MCQ
Cash memo is prepared when goods are sold
  • A
    both on credit and cash
  • B
    on credit
  • C
    On transfer
  • ✓
    on cash
✓

Answer

Correct option: D.
on cash
D
on cash
Explanation:
Cash Memo is equivalent to Invoice copy and a legal document. It is used for knowing the cash sales of the business, to pay tax, for reconciliation and analysis, Inventory planning, Cash flow position, etc. A cash memo is prepared when goods are sold for cash.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Model Paper 3→Model Paper 3 — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Wages paid to Mohan for erecting a machine should be debited to:
→
The main books of accounts in a business is ____________.
→
Which of the following statements is not an objective of financial reporting?
→
Which of the following accounts has a credit balance?
→
_________ is a statement of accounts which appeared in the ledger.
→
Which of the following transactions will result in higher balance in the barik. column of Cash Book in comparison to Pass Book?
→
Which account is generally used for rectification of errors?
→
________ may be defined as a sum set aside out of divisible profits ad retained in order to provide for unexpected or unknown contingencies or loss or to equalize dividends or to strengthen the financial condition of the business.
→
The permanent, continuing and gradual shrinkage in the book value of a fixed assets is called _______.
→
Jay account is a __________ account.
→