HSC Commerce: Marketing and Salesmanship 11th Standard - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

Give one word/term/phrase which can substitute the following statement:

Debit balance in Pass Book.

Give one word/term/phrase which can substitute the following statement:

Credit balance in Cash Book.

Give one word/term/phrase which can substitute the following statement:

A book maintained by trader to record banking transactions.

Do you agree or disagree with the following statement:

The bank column of Cash Book represents bank account.

Do you agree or disagree with the following statement:

Bank balance as per Cash Book is always equal to bank balance as per Pass Book.

Do you agree or disagree with the following statement:

Difference in Cash Book balance and Pass Book balance may arise due to errors committed while recording.

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?