HSC Arts (English Medium) 11th Standard - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

Select the most appropriate alternative from those given and rewrite the following statement:

Overdraft means _______ balance of Cash Book.

Select the most appropriate alternative from those given and rewrite the following statement:

Bank balance as per Pass Book means ___________ balance of Pass Book.

Select the most appropriate alternative from those given and rewrite the following statement:

Debit balance as per Cash Book is also known as ___________ balance.

Select the most appropriate alternative from those given and rewrite the following statement:

When extracts of Cash Book and Pass Book are given for uncommon periods, only ________ items are considered for preparation of Bank Reconciliation Statement.

Select the most appropriate alternative from those given and rewrite the following statement:

When extract of Cash Book and Pass Book are given for common period, only _________ items are considered for preparation of Bank Reconciliation Statement.

Complete the following statement:

Payments credited in Cash Book are __________ in Pass Book.

Complete the following statement:

Online transfer made to our creditors appear on the _________ side of Cash Book.

Complete the following statement:

Interest on overdraft charged by bank is ____________ in Pass Book.

Complete the following statement:

Normally the Cash Book shows debit balance and Pass Book shows ________ balance.

State whether the following statement is True or False with reasons:

Direct deposit made by debtors into businessman's bank account is recorded on the credit side of Pass Book.

State whether the following statement is True or False with reasons:

When overdraft as per Cash Book is given, bank charges debited in Pass Book only, is to be added.

Sold 50 Shirts at ₹ 300 per shirt and 40 Trousers at ₹ 600 each. What is the amount of sales?

Sold 30 Jackets at ₹ 500 per Jacket at 8% Trade discount, What is the amount of Trade discount?

Correct and rewrite the following statement:

When a cheque is deposited into Bank it is credited to Cashbook.

Answer in One Sentence:

What is Journal?

Answer in One Sentence:
What is Narration?

Answer in One Sentence:
Which account is debited, when rent is paid by debit card?

Answer in One Sentence:
Which discount is not recorded in the books of account?

Answer in One Sentence:
In which order monthly transactions are recorded in a journal?