Tamil Nadu Board of Secondary EducationHSC Commerce Class 11th
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Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 7 - Subsidiary Books - 2 [Latest edition]

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Class 11th Accountancy Answers Guide - Shaalaa.com
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Chapter 7: Subsidiary Books - 2

Multiple choice questionsVery short answer questionsShort answer questionsExercises
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Multiple choice questions [Pages 145 - 146]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 7 Subsidiary Books - 2Multiple choice questions [Pages 145 - 146]

Choose the correct answer

Multiple choice questions | Q I 1. | Page 145

Cash book is a ______.

  • Subsidiary book

  • Principal book

  • Journal proper

  • Both subsidiary book and principal book

Multiple choice questions | Q I 2. | Page 145

The cash book records

  • All cash receipts

  • All cash payments

  • Both all cash receipts and cash payments

  • All credit transactions

Multiple choice questions | Q I 3. | Page 145

When a firm maintains a simple cash book, it need not maintain ______.

  • Sales account in the ledger

  • Purchases account in the ledger

  • Capital account in the ledger

  • Cash account in the ledger

Multiple choice questions | Q I 4. | Page 145

A cash book with discount, cash and bank column is called ______.

  • Simple cash book

  • Double column cash book

  • Three column cash book

  • Petty cash book

Multiple choice questions | Q I 5. | Page 145

In Triple column cash book, the balance of bank overdraft brought forward will appear in ______.

  • Cash column debit side

  • Cash column credit side

  • Bank column debit side

  • Bank column credit side

Multiple choice questions | Q I 6. | Page 145

Which of the following is recorded as contra entry?

  • Withdrew cash from bank for personal use

  • Withdrew cash from bank for office use

  • Direct payment by the customer in the bank account of the business

  • When bank charges interest

Multiple choice questions | Q I 7. | Page 145

If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.

  • Contra entry

  • Compound entry

  • Single entry

  • Simple entry

Multiple choice questions | Q I 8. | Page 145

The balance in the petty cash book is ______.

  • An expense

  • A profit

  • An asset

  • A liability

Multiple choice questions | Q I 9. | Page 145

Petty cash may be used to pay ______.

  • The expenses relating to postage and conveyance

  • Salary to the Manager

  • Purchase of furniture and fixtures

  • Purchase of raw materials

Multiple choice questions | Q I 10. | Page 146

Small payments are recorded in a book called ______.

  • Cash book

  • Purchase book

  • Bills payable book

  • Petty cash book

Very short answer questions [Pages 145 - 146]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 7 Subsidiary Books - 2Very short answer questions [Pages 145 - 146]

Very short answer questions | Q II 1. | Page 146

What is cash book?

Very short answer questions | Q II 2. | Page 146

What are the different types of cash book?

Very short answer questions | Q II 3. | Page 146

What is a simple cash book?

Very short answer questions | Q II 4. | Page 146

Give the format of ‘Single column cash book’.

Very short answer questions | Q II 5. | Page 146

What is double column cash book?

Very short answer questions | Q II 6. | Page 145

Give the format of ‘Double column cash book’.

Very short answer questions | Q II 7. | Page 146

What is three column cash book?

Very short answer questions | Q II 8. | Page 146

What is a cash discount?

Very short answer questions | Q II 9. | Page 146

What is a trade discount?

Very short answer questions | Q II 10. | Page 146

What is a petty cash book?

Short answer questions [Page 146]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 7 Subsidiary Books - 2Short answer questions [Page 146]

Short answer questions | Q III 1. | Page 146

Explain the meaning of the imprest system of petty cash book.

Short answer questions | Q III 2. | Page 146

Bring out the differences between cash discount and trade discount.

Short answer questions | Q III 3. | Page 146

Write the advantages of maintaining petty cash book.

Short answer questions | Q III 4. | Page 146

Write a brief note on accounting treatment of discount in cash book.

Short answer questions | Q III 5. | Page 146

Brifly explain about contra entry with examples.

Exercises [Pages 146 - 150]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide Chapter 7 Subsidiary Books - 2Exercises [Pages 146 - 150]

Single Column Cash Book

Exercises | Q IV 1. | Page 146

Enter the following transactions in a single column cash book of Seshadri for May 2017.

May  
1 Cash in hand 40,000
5 Cash received from Swathi 4,000
7 Paid wages in cash 2,000
10 Purchased goods from Sasikala for cash 6,000
15 Sold goods for cash 9,000
18 Purchased computer 15,000
22 Cash paid to Sabapathi 5,000
28 paid salary 2,500
30 Interest received 500
Exercises | Q IV 2. | Page 147

Enter the following transactions in a single column cash book of Ramalingam for the month of July 2017.

July  
1 Cash in hand 32,000
5 Received from Keerthana 5,000
6 Paid packing charges in cash 300
7 Cash purchases 12,400
8 Sold goods for cash 2,600
10 Paid salary to manager in cash 7,000
11 Paid to Bala 3,000
12 Purchased goods from Bose 2,500
24 Cash deposited into bank through CDM 4,000
27 Withdraw cash from bank 2,000
31 Paid office rent in cash 6,000

Double column cash book

Exercises | Q IV 3. | Page 147

Enter the following transaction in Ahamad’s cash book with discount and cash columns.

2017
Oct
   
1 Cash balance 37,500
3 Cash Sales 33,000
7 Paid to Velan Rs. 15,850 and Discount allowed by him 150
13 Sold goods to Perumal on credit 19,200
15 Cash withdrawn for personal expenses 4,800
16 Purchased goods from Subramanian 14,300
22 Paid to Bank 22,700
25 Cash received from Perumal in full settlement 19,000
26 Draw a cheque for office use 17,500
27 Paid cash to Gopalakrishnan 2,950
  Discount received from him 50
28 Paid cash to Subramanian and settled his account 14,200
29 Cash purchases 13,500
30 Cash paid for advertising 1,500
Exercises | Q IV 4. | Page 148

Enter the following transactions in cash book with discount and cash column of Anand.

2017
Oct
   
1 Cash in hand 19,500
4 Sold goods for cash 32,000
5 Credit purchases from Gandhi 20,000
9 Received from Gopu 11,800
  Discount allowed to him 200
15 Cash paid for Electricity charges 12,500
17 Bought computer and its accessories by cash 16,800
25 Paid cash to Gandhi ₹ 19,700 in full
settlement of his account
 
28 Received cash from Thiruvengadam 8,900
  Discount allowed to him 100
30 Paid trade expenses in cash 3,500

Three column cash book

Exercises | Q IV 5. | Page 148

Enter the following transactions in the three column cash book of Kalyana Sundaram.

 

2017
Jan.
   
1 Balance in hand 42,500
  Balance at bank 35,000
3 Received for cash sales 15,700
4 Cash paid into bank 11,500
6 Cash purchases 14,300
9 Received dividend directly by the bank through ECS 2,000
10 Pongal advance to staff paid through bank 17,000
12 Received cash from Nagarajan 11,850
  and allowed him discount 150
17 Paid Magesh in full settlement of his account ` 20,000 19,700
20 Cash withdrawn for personal expenses 20,000
30 Withdrawn cash from ATM for office use 1,500
Exercises | Q IV 6. | Page 149

Record the following transactions in the three column cash book of John.

2017
Dec.
 
1 Cash balance brought forward 12,600
1 Bank overdraft brought forward 36,000
1 Advance paid to petty cashier by cheque 3,000
5 Goods sold for cash 12,000
7 Dividend on shares collected by the banker 1,000
13 Cash paid into Bank 10,000
14 Interest charged by the bank for bank overdraft 1,500
18 Cheque issued to Siddique 8,000
  Discount received from him 200
24 Insurance claim received by cheque and deposited into bank 17,000
28 Cash received from Baskar 15,000
  Discount allowed to him 150
31 Deposited into Bank all cash excess of ₹ 18,600  
Exercises | Q IV 7. | Page 149

Prepare a triple column cash book of Rahim from the following transactions:

2017
Feb.
   
1 Cash in hand 25,000
  Cash at bank 10,000
5 Water purifier purchased for office use by cheque 8,000
6 Purchased goods for cash 9,000
8 Received cash from Daniel 9,900
  Discount allowed to him 100
10 Cheque received for goods sold and deposited in the bank 40,000
12 Paid to Amala by cheque 14,500
  Discount received from her 500
13 Paid transport charges by cash 5,000
14 Withdrawn cash from bank for office use 20,000
24 Cheque received from Kumar and deposited into the bank 15,000
28 Kumar’s cheque dishonoured  

Petty cash book

Exercises | Q IV 8. | Page 150

Prepare analytical petty cash book from the following particulars under imprest system:

2017
July
 
1 Received advance form cashier 2,000
7 Paid for writing pads and registers 100
8 Purchased white papers 50
10 Paid auto charges 200
15 Paid wages 300
18 Postal charges 100
21 Purchased stationery 450
23 Tea expenses 60
25 Paid for speed post 150
27 Refreshment expenses 250
31 Paid for carriage 150

Chapter 7: Subsidiary Books - 2

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 7 - Subsidiary Books - 2

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Accountancy Answers Guide chapter 7 (Subsidiary Books - 2) 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 7 Subsidiary Books - 2 are Subsidiary Book - II, Meaning of Cash Book, Cash Book – A Subsidiary Book and Principal Book of Accounts, Importance of Cash Book, Types of Cash Book, Single Column Cash Book, Cash Discount and Trade Discount, Double Column Cash Book (Cash Book with Cash and Discount Column), Three Column Cash Book (Cash Book with Cash, Discount and Bank Column), Petty Cash Book.

Using Tamil Nadu Board Samacheer Kalvi Class 11th solutions Subsidiary Books - 2 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 7 Subsidiary Books - 2 Class 11th extra questions for Class 11th Accountancy Answers Guide and can use Shaalaa.com to keep it handy for your exam preparation

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