Tag: commercial studies

Questions Related to commercial studies

Biomedical wastes are disposal into different colored containers for collecting different types of waste.

commercial studies waste generation and management e-waste management e-wastes waste generation

  1. True

  2. False

  3. Ambiguous

  4. Data insufficient

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Correct Option: A
Explanation:

Collection and transportation of biomedical waste is done in a scientific way. They disinfect transportation vehicle regularly. The waste management is mechanisms are done through different franchises.

Solid waste serve as useful resource for providing energy for our industries.

commercial studies waste generation and management e-waste management e-wastes waste generation

  1. True

  2. False

  3. Nihter

  4. Either

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Correct Option: A

Cash discount is recorded in ______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Journal proper

  2. Purchase Journal

  3. Sales account

  4. Cash book

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Correct Option: D

Receipts and Payments Account is an abbreviated form of ___________________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash Book

  2. Pass Book

  3. Both Cash Book and Pass Book

  4. None of the above

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Correct Option: A

Double entry of which of the following transactions is completed in the Cash Book itself _______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Paid rent by cheque

  2. Withdrew from bank for personal use

  3. A cheque received from a customer deposited into bank on the same day

  4. Cash deposited into the bank

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Correct Option: D

For opening Joint Bank Account, in case of separate set of books _________________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Joint Venture A/c will be debited and Venturers Capital A/c will be credited.

  2. Joint Bank A/c is debited and Venturers Capital A/c is credited.

  3. Joint Venture A/c is debited and Joint Bank A/c will be credited.

  4. Joint Bank A/c will be debited and Joint Venture A/c will be credited.

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Correct Option: B

Which is not contra entry in three-column Cash Book?

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash deposited into bank

  2. Cash withdrew from bank

  3. Cash withdrew from Bank for personal use

  4. None of these.

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Correct Option: D

When the record of transactions relating to joint venture are made in the books of one party, then the venturer recording the transactions records his share of investment by _____________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Debiting cash account

  2. Crediting his personal account

  3. No entry is made

  4. Crediting Cash A/c

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Correct Option: D

If Sandeep sold goods for Cash, it will be recorded in _______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Sales Book

  2. Cash Book

  3. None of these

  4. Both (a) and (b)

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Correct Option: B

Investment was sold in cash for 1,00,000 at par will be recorded in _______________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash book

  2. General journal

  3. Purchases return book

  4. Purchase book

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Correct Option: A