Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
Advertisement Remove all ads

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 6 - Subsidiary Books - 1 [Latest edition]

Chapters

Class 11th Accountancy Answers Guide - Shaalaa.com
Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads

Chapter 6: Subsidiary Books - 1

Multiple choice questionsVery short answer questionsShort answer questionsExercises
Advertisement Remove all ads
Multiple choice questions [Pages 120 - 121]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 6 Subsidiary Books - 1Multiple choice questions [Pages 120 - 121]

Choose the correct answer

Multiple choice questions | Q I 1. | Page 120

Purchases book is used to record __________.

  • all purchases of goods

  • all credit purchases of assets

  • all credit purchases of goods

  • all purchases of assets

Multiple choice questions | Q I 2. | Page 120

A periodic total of the purchases book is posted to the _____________.

  • debit side of the purchases account

  • debit side of the sales account

  • credit side of the purchases account

  • credit side of the sales account

Multiple choice questions | Q I 3. | Page 120

Sales book is used to record ____________.

  • all sales of goods

  • all credit sales of assets

  • all credit sales of goods

  • all sales of assets and goods

Multiple choice questions | Q I 4. | Page 120

The total of the sales book is posted periodically to the credit of _____________.

  • Sales account

  • Cash account

  • Purchases account

  • Journal proper

Multiple choice questions | Q I 5. | Page 120

Purchase returns book is used to record _____________.

  • returns of goods to the supplier for which cash is not received immediately

  • returns of assets to the supplier for which cash is not received immediately

  • returns of assets to the supplier for which cash is received immediately

  • None of the above

Multiple choice questions | Q I 6. | Page 120

Sales return book is used to record __________.

  • Returns of goods by the customer for which cash is paid immediately

  • Returns of goods by the customer for which cash is not paid immediately

  • Returns of assets by the customer for which cash is not paid immediately

  • Returns of assets by the customer for which cash is paid immediately

Multiple choice questions | Q I 7. | Page 121

Purchases of fixed assets on credit basis is recorded in _____________.

  • Purchases book

  • Sales book

  • Purchases returns book

  • Journal proper

Multiple choice questions | Q I 8. | Page 121

The source document or voucher used for recording entries in sales book is __________.

  • Debit note

  • Credit note

  • Invoice

  • Cash receipt

Multiple choice questions | Q I 9. | Page 121

Which of the following statements is not true?

  • Cash discount is recorded in the books of accounts

  • Assets purchased on credit are recorded in journal proper

  • Trade discount is recorded in the books of accounts

  • 3 grace days are added while determining the due date of the bill

Multiple choice questions | Q I 10. | Page 121

Closing entries are recorded in ___________.

  • Cash book

  • Ledger

  • Journal proper

  • Purchases book

Very short answer questions [Page 121]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 6 Subsidiary Books - 1Very short answer questions [Page 121]

Very short answer questions | Q II 1. | Page 121

Mention four types of subsidiary books.

Very short answer questions | Q II 2. | Page 121

What is a purchase book?

Very short answer questions | Q II 3. | Page 121

What is purchases returns book?

Very short answer questions | Q II 4. | Page 121

What is a sales book?

Very short answer questions | Q II 5. | Page 121

What is sales returns book?

Very short answer questions | Q II 6. | Page 121

What is a debit note?

Very short answer questions | Q II 7. | Page 121

What is a credit note?

Very short answer questions | Q II 8. | Page 121

What is journal proper?

Very short answer questions | Q II 9. | Page 121

Define bill of exchange.

Very short answer questions | Q II 10. | Page 121

What is an opening entry?

Very short answer questions | Q II 11. | Page 121

What is an invoice?

Short answer questions [Pages 121 - 122]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 6 Subsidiary Books - 1Short answer questions [Pages 121 - 122]

Short answer questions | Q III 1. | Page 121

Give the format of purchases book.

Short answer questions | Q III 2. | Page 121

Mention the subsidiary books in which the following transactions are recorded.

  1. Sale of goods for cash
  2. Sale of goods on credit
  3. Purchases of goods on credit
  4. When the proprietor takes goods for personal use
  5. Goods returned to suppliers for which cash is not received immediately
  6. Asset purchased as credit.
Short answer questions | Q III 3. | Page 121

What are the advantages of subsidiary books?

Short answer questions | Q III 4. (a) | Page 122

Write a short note on:

Endorsement of a bill

Short answer questions | Q III 4. (b) | Page 122

Write a short note on:

Discounting of a bill

Exercises [Pages 122 - 124]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 6 Subsidiary Books - 1Exercises [Pages 122 - 124]

Exercises | Q IV 1. | Page 122

Enter the following transactions in the Purchases book of M/s. Subhashree Electric Co., which deals in electric goods.

2017 Particulars
April 5 Purchased from Karthik Electric Co., on credit
10 Electric iron box @ ₹ 2,500 each
5 electric stoves @ ₹ 2,000 each
April 19 Purchased on credit from Khaitan Electric Co.,
3 electric heaters @ ₹ 6,000 each
April 25 Purchased from Polar Electric Co., on credit
10 Fans @ ₹ 2,000 each
April 29 Purchased from M & Co. for cash
10 electric stoves @ ₹ 3,000 each
Exercises | Q IV 2. | Page 122

From the following transactions write up the Sales day book of M/s. Ram & Co., a stationery merchant.

2017 Particulars
Jan. 1 Sold to Anbu & Co., on credit 20 reams of white paper @ ₹ 150 per ream
Jan. 2 Sold to Jagadish & Sons on credit 6 dozen pens @ ₹ 360 per dozen
Jan. 10 Sold old newspapers for cash @ ₹ 620
Jan. 15 Sold on credit M/s. Elango & Co., 10 drawing boards @ ₹ 170 per piece
Jan. 20 Sold to Kani & Co., 4 writing tables at ₹ 1,520 per table for cash
Exercises | Q IV 3. | Page 123

Prepare Purchases book and Sales book in the books of Santhosh Textiles Ltd., from the following transactions given for April, 2017.

2017 Particulars
April 1 Purchased goods from Prasad, Kancheepuram on credit
100 meters Silk @ ₹ 450 per meter
75 meters Velvet @ ₹ 180 per meter
April 10 Sold goods to Rathinam, Chennai on credit
60 meters Silk @ ₹ 490 per meter
50 meters Velvet @ ₹ 210 per meter
April 18 Nathan & Sons purchased from us on credit
100 meters Silk @ ₹ 510 per meter
April 20 Purchased goods from Hari Ram & Sons, Madurai on credit
50 rolls kada cloth @ ₹ 730 per roll
80 rolls cotton cloth @ ₹ 650 per roll
April 24 Purchased from Mohan, Karur for cash
Shirting cloth @ ₹ 7,000
Sarees @ ₹ 25,000
Exercises | Q IV 4. | Page 123

From the following information, prepare purchase day book and purchases returns book for the month of June, 2017 and post them into ledger accounts in the books of Robert Furniture Mart.

2017 Particulars
June 1 Purchased from Balu Traders 20 chairs @ ₹ 150 each on credit
June 13 Bought from Subash & Co., on credit
2 Almirah @ ₹ 3,100 each
10 tables @ ₹ 1,500 each
15 chairs @ ₹ 200 each
Less: 10 % Trade discount on all items
Add: Freight charges ₹ 220
June 21 Returned 2 damaged chairs to Balu Traders and cash not received
June 24 Purchased from Sunrise Furniture Mart on credit
25 Almirahs @ ₹ 1,300 each
June 27 Purchased from Mouli Traders on credit
10 executive tables @ ₹ 3,275 each
June 29 Returned 3 Almirahs to Sunrise Furniture Mart and cash not received
Exercises | Q IV 5. | Page 123

Record the following transactions in the sales book and sales returns book of M/s. Ponni & Co., and post them to ledger.

2017 Particulars
Aug. 1 Sold goods to Senthil as per Invoice No. 68 for ₹ 20,500 on credit
Aug. 4 Sold goods to Madhavan as per Invoice No. 74 for ₹ 12,800 on credit
Aug. 7 Sold goods to Kanagasabai as per Invoice No. 78 for ₹ 7,500 on credit
Aug. 15 Returns inward by Senthil as per Credit Note no. 7 for ₹ 1,500 for which cash is not paid
Aug. 20 Sold goods to Selvam for ₹ 13,300 for cash
Aug. 25 Sales returns of ₹ 1,800 by Madhavan as per Credit Note No. 11 for which cash is not paid
Exercises | Q IV 6. | Page 124

From the following information, prepare the necessary subsidiary books for Nalanda Book Stores.

2017 Particulars
Dec. 1 Bought from M/s. Uma Devi on credit
100 copies Business Statistics Book @ ₹ 80 each
100 copies Accountancy Book @ ₹ 150 each
Dec. 7 Sold to Sridevi & Co., on credit
240 copies Business Statistics @ ₹ 90 each
250 copies Accountancy books @ ₹ 170 each
Dec. 10 Bought from Subha & Co.,
40 Copies Economics books @ ₹ 80 each
Less: 15% Trade Discount
Dec. 15 Returned to M/s. Uma Devi 10 copies of damaged Accountancy book for which cash is not received
Dec. 18 Sold to Gupta Bros., on credit
200 copies of Economics book @ ₹ 95 each
Dec. 26 Returned 6 copies of Economics books to Subha & Co.,
Exercises | Q IV 7. | Page 124

Prepare necessary subsidiary books in the books of Niranjan and also Sachin account and Mukil account from the following transactions for the month of February, 2017.

2017 Particulars
Feb. 1 Purchased goods from Mukil Traders on credit 12,480
Feb. 4 Goods sold to Sachin Traders on credit 15,000
Feb. 6 Sold goods to Manish Traders on credit 12,100
Feb. 7 Sachin Traders returned goods for which cash is not paid 1,200
Feb. 9 Returned goods to Mukil Traders for which cash is not received 1,500
Feb. 10 Sold goods to Manish & Co., on credit 13,300
Feb. 14 Purchased from Mukil Traders on credit 15,200

Chapter 6: Subsidiary Books - 1

Multiple choice questionsVery short answer questionsShort answer questionsExercises
Class 11th Accountancy Answers Guide - Shaalaa.com

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 6 - Subsidiary Books - 1

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 6 (Subsidiary Books - 1) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Tamil Nadu Board of Secondary Education Class 11th Accountancy Answers Guide solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Tamil Nadu Board Samacheer Kalvi textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in Class 11th Accountancy Answers Guide chapter 6 Subsidiary Books - 1 are Subsidiary Books - 1, Meaning of Subsidiary Books, Types of Subsidiary Books, Advantages of Subsidiary Books, Purchases Book, Purchases Returns Book, Sales Book Or Sales Day Book, Sales Returns Book, Bills of Exchange, Bills Receivable Book, Bills Payable Book, Journal Proper.

Using Tamil Nadu Board Samacheer Kalvi Class 11th solutions Subsidiary Books - 1 exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Tamil Nadu Board Samacheer Kalvi Solutions are important questions that can be asked in the final exam. Maximum students of Tamil Nadu Board of Secondary Education Class 11th prefer Tamil Nadu Board Samacheer Kalvi Textbook Solutions to score more in exam.

Get the free view of chapter 6 Subsidiary Books - 1 Class 11th extra questions for Class 11th Accountancy Answers Guide and can use Shaalaa.com to keep it handy for your exam preparation

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×