Recording of Transactions – II · Class 11 · CBSE · Commerce Accountancy
Which of the following transactions is recorded in the Journal Proper?
Practice question from Recording of Transactions – II (Class 11 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
medium · MCQ · Q-2DF5BF
Which of the following transactions is recorded in the Journal Proper?
- A.Cash paid to a creditor
- B.Credit purchase of machineryCorrect answer
- C.Credit sale of goods
- D.Goods returned by a customer
Solution
The Journal Proper is used for recording transactions that cannot be accommodated in any other specific subsidiary books (like Cash Book, Purchase Book, etc.). Credit purchase of a fixed asset like machinery is a non-trade credit purchase and is recorded in the Journal Proper.
More from Recording of Transactions – II
- Which of the following subsidiary books records all credit purchases of goods dealt in by the business?
- What document is issued by the seller to the buyer when goods are returned by the buyer?
- A cash book with cash, bank, and discount columns is known as:
- What is a contra entry in accounting, and in which book is it recorded?
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