Online Test — Special Purpose (Subsidiary) Books
15 Questions • 15 min • Chapter MCQ
15:00
Question 1 of 15
Subsidiary books are also called books of:
Final entry
Original entry
Trial entry
No entry
Explanation: They are books of original (first) entry.
Question 2 of 15
Credit purchases of goods are recorded in the:
Cash book
Purchases book
Journal proper
Sales book
Explanation: The purchases book records credit purchases of goods.
Question 3 of 15
Credit sales of goods are recorded in the:
Sales book
Cash book
Purchases book
Journal proper
Explanation: The sales book records credit sales of goods.
Question 4 of 15
Goods returned to a supplier are recorded in the:
Sales return book
Purchases return book
Cash book
Bills book
Explanation: Returns to suppliers go in the purchases return (return outward) book.
Question 5 of 15
Goods returned by a customer are recorded in the:
Purchases return book
Sales return book
Journal proper
Cash book
Explanation: Customer returns go in the sales return (return inward) book.
Question 6 of 15
The source document for a purchases return is a:
Credit note
Debit note
Cash memo
Cheque
Explanation: A debit note supports goods returned to a supplier.
Question 7 of 15
Cash purchases of goods are recorded in the:
Purchases book
Cash book
Journal proper
Sales book
Explanation: Cash purchases go in the cash book, not the purchases book.
Question 8 of 15
A credit purchase of machinery is recorded in the:
Purchases book
Journal proper
Cash book
Sales book
Explanation: Assets bought on credit go in the journal proper.
Question 9 of 15
Bills of exchange received are recorded in the:
Bills payable book
Bills receivable book
Cash book
Sales book
Explanation: Bills received go in the bills receivable book.
Question 10 of 15
Opening and closing entries are recorded in the:
Cash book
Journal proper
Sales book
Purchases book
Explanation: Non-routine entries go in the journal proper.
Question 11 of 15
Trade discount is:
Recorded in the books
Not recorded — only the net amount is
Recorded as an expense
Added to the price
Explanation: Trade discount is deducted before recording, not entered separately.
Question 12 of 15
Cash discount is given to encourage:
Bulk buying
Prompt/early payment
Returns
Late payment
Explanation: Cash discount rewards prompt payment.
Question 13 of 15
On an intra-state sale, GST is charged as:
IGST
CGST + SGST
No GST
Only CGST
Explanation: Intra-state supplies attract CGST + SGST.
Question 14 of 15
GST collected on sales is a:
Asset
Liability owed to government (output GST)
An expense
Income
Explanation: Output GST is owed to the government — a liability.
Question 15 of 15
List price Rs 10,000, trade discount 20%. Recorded amount:
Rs 10,000
Rs 8,000
Rs 12,000
Rs 2,000
Explanation: 10,000 − 20% (2,000) = Rs 8,000 recorded.