The total of the Sales Book is posted to:
- ✓Credit of the Sales Account.
- BCredit of the Purchases Account.
- CCredit of the Capital Account.
- DCredit of Customers' Accounts.
Answer: A.
View full solution →Question types
Special Purpose Books 2 Cash Book question types
77 questions across 5 question groups — pick any mix to generate a Account paper with step-by-step answer keys.
77
Questions
5
Question groups
5
Question types
01
M.C.Q (1 Marks)
15 Q→021 Marks Question
18 Q→033 Marks Question
14 Q→044 Marks Question
6 Q→056 Marks Question
24 Q→Sample Questions
Special Purpose Books 2 Cash Book questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
In the Purchases Book the record is in respect of:
- ACash purchases of goods dealt in.
- ✓Credit purchases of goods dealt in.
- CAll purchases of goods dealt in.
- DNone of these.
Answer: B.
View full solution →Total of these transactions is posted to Purchase Account:
- APurchase of furniture.
- BPurchase Return.
- ✓Credit Purchase.
- DPurchase of Stationery.
Answer: C.
View full solution →Journal Proper records transactions of:
- ASimilar nature.
- ✓Different nature.
- CCapital nature.
- DRevenue nature.
Answer: B.
View full solution →On inter-state sale of goods, $\text {GST}$ charged is:
- A$\text {CGST.}$
- ✓$\text {IGST.}$
- C$\text {SGST.}$
- DAny of these.
Answer: B.
View full solution →For what purposes is a Journal Proper used?
What is a Debit Note?
State with reason whether the following statements are True or False:
Sales Return Book records return of goods sold.
Sales Return Book records return of goods sold.
What is meant by a Journal Proper?
State with reason whether the following statements are True or False:
Sales Book is a part of the Ledger.
Sales Book is a part of the Ledger.
Do you agree that a Sales Book is used to record invoices issued to customers in respect of goods sold on credit and not cash? Give reasons.
What is meant by a Journal Proper?
Give two examples of entries which appear in a 'Journal Proper'.
What is a Credit Note?
What are Adjustment Entries?
Distinguish between Sales Book and Sales Account. Difference between Sales Book and Sales Account Basis Sales Book.
Prepare Sales Return Book of Shiv Shankar, Delhi from the following transactions and post them into Ledger:
Prepare Returns Inward and Return Outward Books of Manoj, Mumbai from the following transactions and post them into Ledger Accounts:
Prepare Purchases Return Book of Aruna Stores, Kolkata from the following transactions and post them into Ledger:
Name the books of original entry where the following transactions will be recorded with reasons thereof:
- Goods purchased from Ram Lal for ₹ 5,000 on credit.
- Provision for doubtful debts created @ 5% on debtors with books value of ₹ 10,000.
- Defective goods sold to Babita on credit worth ₹ 4,000 were returned by her.
- Purchased furniture on credit from Mr. Ratan Singh for ₹ 15,000 for use in the business.
Record the following transactions in the Purchases Book of Subhash General Stores, Delhi:
(Adjustment Entries) From the following information available on 31st March, 2019, pass the necessary Adjustment Entries in the Journal for the year ending on that date:
- Interest accrued ₹ 2,500.
- Wages for March, 2019 outstanding ₹ 10,000.
- Insurance prepaid ₹ 1,500.
- Commission due to manager 6% on net profit after charging such commission. The profit before charging such commission was ₹ 1,06,000.
- Interest due on loan but not paid. Loan of ₹ 1,50,000 was taken at 9% p.a. 9 months before end of the year.
Prepare Sales Book from the following transactions of Hema Traders, Kolkata dealing in furniture. Open the Ledger Accounts also:
Give two examples of entries which appear in a 'Journal Proper'.
Briefly explain the concept of GST.
Generate a Special Purpose Books 2 Cash Book paper free
Pick question groups from the list above, set marks and difficulty, and export a branded PDF with step-by-step answer keys. First 3 chapters free — no signup.