Subsidiary Books Quiz 2 – Punjab Meritorious School Preparation Portal

Welcome to your 23rd Aug Subsidiary Books Quiz 2 CBT TEST

Fill the Details mentioned below and Attempt the Test.

Name

Email

School Name with City

Phone Number

X received a cheque of ₹ 10,000 from Y in settlement of dues of ₹ 10,500. The cheque was dishonoured. The reversal of discount allowed by X will be recorded in

Cash Book.

Journal Proper

Ledger directly

None of these.

Opening entry is recorded

in the beginning of the accounting year.

at the end of the accounting year.

in the middle of the accounting year.

anytime during the year.

Sale of business asset on credit is recorded in

Sales Book.

Journal Proper

Special Journal

Cash Book.

Which of the following transactions is entered into the Journal Proper?

Cash Payment to an employee for expenses.

Cash purchase of goods for resale.

Correction of an error.

Credit purchase of goods for resale.

Closing entries are passed

in the beginning of the accounting year.

at the end of the accounting year.

in the middle of the accounting year.

anytime during the year.

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