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11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - I Question Bank Software Jun-29 , 2021

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11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Subsidiary Books - II Creative 3 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 15
    5 x 3 = 15

  1. Enter the following transactions in Cash book with Cash and Discount column of Mr. Nandakumar.

    2016 Feb 1 Cash in hand Rs.60,000
    3 Bought goods from premnath Rs.10,000
    4 Opened a current account with bank Rs.15,000
    7 Withdrew from bank Rs.5,000
    8 Sold goods to Kandan for Rs.10,000 credit on terms 2% cash discount if payable within two weeks  
    10 Paid cash to Premnath, less 1% C.D.  
    14 Received a cheque from Arul Rs.3,400, allowed him discount Rs.100  
    15 Kandan settled his account  

  2. When his business becomes large, what other books will he be maintaining?

  3. What is cash book? What are its features?

  4. Write notes on posting the petty cash book.

  5. What purpose does an analytical petty cash book serve?

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