Page 1 - ASSIGNMENT- OTHER BOOKS-1

Class 11 Accountancy Financial Accounting Part-1

Chapter 4

Recording of Transactions – II

Short answers:

Q1 :
Briefly state how the cash book is both journal and a ledger?

Q2 :
What is the purpose of contra entry?

Q3 :
What are special purpose books?

Q4 :
What is petty cash book? How it is prepared?

Q5 :
Explain the meaning of posting of journal entries?

Q6 :
Define the purpose of maintaining subsidiary journal.

Q7 :
Write the difference between return inwards and return outwards.

Q8 :
What do you understand by ledger folio?

Q9 :
What is difference between trade discount and cash discount?

Q10 :
Write the process of preparing ledger from a journal.

Q11 :
What do you understand by Imprest amount in petty cash book?