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Question Practice

In what scenario would a transaction be recorded in the Journal Proper instead of the purchase journal?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - II
Question Bank

In what scenario would a trans...

Single Answer MCQ
Q-00054067

In what scenario would a transaction be recorded in the Journal Proper instead of the purchase journal?

1

Cash purchase of supplies

2

Credit purchase of machinery

3

Credit sales of goods

4

Cash sales of furniture

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Q1.

What is the purpose of a cash book?

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In a double column cash book, what does the bank column represent?

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Q3.

What happens to the contra entries when posting from the cash book to the ledger?

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Q4.

Why might a business choose to maintain a petty cash book?

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