{"id":13131,"date":"2021-03-26T10:45:24","date_gmt":"2021-03-26T05:15:24","guid":{"rendered":"https:\/\/wordpress-505192-1602719.cloudwaysapps.com\/?p=13131"},"modified":"2021-03-26T14:59:57","modified_gmt":"2021-03-26T09:29:57","slug":"samacheer-kalvi-11th-accountancy-solutions-chapter-7","status":"publish","type":"post","link":"https:\/\/samacheerkalviguru.com\/samacheer-kalvi-11th-accountancy-solutions-chapter-7\/","title":{"rendered":"Samacheer Kalvi 11th Accountancy Solutions Chapter 7 Subsidiary Books \u2013 II"},"content":{"rendered":"

Students can Download Accountancy Chapter 7 Subsidiary Books \u2013 II Questions and Answers, Notes Pdf, Samacheer Kalvi 11th Accountancy Book Solutions<\/a> Guide Pdf helps you to revise the complete Tamilnadu State Board New Syllabus and score more marks in your examinations.<\/p>\n

Tamilnadu Samacheer Kalvi 11th Accountancy Solutions Chapter 7 Subsidiary Books \u2013 II<\/h2>\n

Samacheer Kalvi 11th Accountancy Subsidiary Books \u2013 II Text Book Back Questions and Answers<\/h3>\n

I. Multiple Choice Questions
\nChoose the Correct Answer<\/p>\n

11th Accountancy Chapter 7 Book Back Answers Question 1.<\/strong>
\nCash book is a ………………
\n(a) Subsidiary book
\n(b) Principal book
\n(c) Journal proper
\n(d) Both subsidiary book and principal book
\nAnswer:
\n(d) Both subsidiary book and principal book<\/p>\n

Subsidiary Books Questions And Answers Pdf Question 2.<\/strong>
\nThe cash book records ………………
\n(a) All cash receipts
\n(b) All cash payments
\n(c) Both (a) and (b)
\n(d) All credit transactions
\nAnswer:
\n(c) Both (a) and (b)<\/p>\n

11th Accountancy 7th Chapter Solutions Question 3.<\/strong>
\nWhen a firm maintains a simple cash book, it need not maintain ………………
\n(a) Sales account in the ledger
\n(b) Purchases account in the ledger
\n(c) Capital account in the ledger
\n(d) Cash account in the ledger
\nAnswer:
\n(d) Cash account in the ledger<\/p>\n

11th Accountancy Book Back Answers Question 4.<\/strong>
\nA cash book with discount, cash and bank column is called ………………
\n(a) Simple cash book
\n(b) Double column cash book
\n(c) Three column cash book
\n(d) Petty cash book
\nAnswer:
\n(c) Three column cash book<\/p>\n

11th Accountancy – Book Back Answers Question 5.<\/strong>
\nIn Triple column cash book, the balance of bank overdraft brought forward will appear in ………………
\n(a) Cash column debit side
\n(b) Cash column credit side
\n(c) Bank column debit side
\n(d) Bank column credit side
\nAnswer:
\n(d) Bank column credit side<\/p>\n

Samacheer Kalvi 11th Accountancy Chapter 7 Question 6.<\/strong>
\nWhich of the following is recorded as contra entry?
\n(a) Withdrew cash from bank for personal use
\n(b) Withdrew cash from bank for office use
\n(c) Direct payment by the customer in the bank account of the business
\n(d) When bank charges interest
\nAnswer:
\n(b) Withdrew cash from bank for office use<\/p>\n

Samacheer Kalvi Guru 11th Accountancy Question 7.<\/strong>
\nIf the debit and credit aspects of a transaction are recorded in the cash book, it is ………………
\n(a) Contra entry
\n(b) Compound entry
\n(c) Single entry
\n(d) Simple entry
\nAnswer:
\n(a) Contra entry<\/p>\n

Accounting 11 Chapter 7 Answer Key Question 8.<\/strong>
\nThe balance in the petty cash book is ………………
\n(a) An expense
\n(b) A profit
\n(c) An asset
\n(d) A liability
\nAnswer:
\n(c) An asset<\/p>\n

Class 11 Accountancy Chapter 7 Solutions Question 9.<\/strong>
\nPetty cash may be used to pay ………………
\n(a) The expenses relating to postage and conveyance
\n(b) Salary to the Manager
\n(c) Purchase of furniture and fixtures
\n(d) Purchase of raw materials
\nAnswer:
\n(a) The expenses relating to postage and conveyance<\/p>\n

Accounting Chapter 7 Answer Key Question 10.<\/strong>
\nSmall payments are recorded in a book called ………………
\n(a) Cash book
\n(b) Purchase book
\n(c) Bills payable book
\n(d) Petty cash book
\nAnswer:
\n(d) Petty cash book<\/p>\n

II. Very Short Answer Questions<\/p>\n

11th Accountancy Book Answers Question 1.<\/strong>
\nWhat is cash book?
\nAnswer:
\nCash book is the book in which only cash transactions are recorded in the chronological order. The cash book is the book of original entry or prime entry as cash transactions are recorded for the first time in it. Cash transactions here may include bank transactions also. Cash receipts are recorded on the debit side while cash payments are recorded on the credit side.<\/p>\n

Class 11 Accounts Subsidiary Books Solutions Question 2.<\/strong>
\nWhat are the different types of cash book?
\nAnswer:
\nThe main cash book may be of various types and following are the three most common types.<\/p>\n

    \n
  1. Simple or single column cash book (only cash column)<\/li>\n
  2. Cash book with cash and discount column (double column cash book)<\/li>\n
  3. Cash book with cash, discount and bank columns (three column cash book)<\/li>\n<\/ol>\n

    Accountancy Class 11 Chapter 7 Solutions Question 3.<\/strong>
    \nWhat is simple cash book?
    \nAnswer:
    \nSingle column cash book or simple cash book, like a ledger account has only one amount column, i.e., cash column on each side. Only cash transactions are recorded in this book. All cash receipts and payments are recorded systematically in this book.<\/p>\n

    Chapter 7 Accountancy Class 11 Question 4.<\/strong>
    \nGive the format of \u2018Single column cash book\u2019.
    \nAnswer:
    \nSimple Cash Book
    \n\"Subsidiary<\/p>\n

    Subsidiary Books Class 11 Notes Question 5.<\/strong>
    \nWhat is double column cash book?
    \nAnswer:
    \nIt is a cash book with cash and discount columns. As there are two columns, i.e., discount and cash columns, both on debit and credit sides, this cash book is known as \u2018double column cash book\u2019.<\/p>\n

    Question 6.
    \nGive the format of \u2018Double column cash book\u2019.
    \nAnswer:
    \nCash book with cash and discount columns
    \n\"11th<\/p>\n

    Question 7.
    \nWhat is three column cash book?
    \nAnswer:
    \nA three column cash book includes three amount columns on both sides, i.e., cash, bank and discount. This cash book is prepared in the same way as simple and double column cash books are prepared. The transactions which increase the cash and bank balance are recorded on the debit side of the cash and bank columns respectively. Opening balance of cash and favourable bank balance appear as the first item on the debit side of the three column cash book in case of existing business. If the business is a new one, capital contributed in cash and\/or bank deposit appear as the first item on the debit side.<\/p>\n

    Question 8.
    \nWhat is cash discount?
    \nAnswer:
    \nCash discount is allowed to the parties making prompt payment within the stipulated period of time or early payment. It is discount allowed (loss) for the creditor and discount received (gain) for the debtor who makes payment. The discount is allowed when payment is received or made and hence, the entry for discount is also passed with the entry of payment. The earlier the payment, the more may be the discount. Cash discount motivates the debtor to make the payment at an earlier date to avail discount facility.<\/p>\n

    Question 9.
    \nWhat is trade discount?
    \nAnswer:
    \nTrade discount is a deduction given by the supplier to the buyer on the list price or catalogue price of the goods. It is given as a trade practice or when goods are purchased in large quantities. It is shown as a deduction in the invoice. Trade discount is not recorded in the books of accounts. Only the net amount is recorded.<\/p>\n

    Question 10.
    \nWhat is a petty cash book?
    \nAnswer:
    \nBusiness entities have to pay various small expenses like taxi fare, bus fare, postage, carriage, stationery, refreshment and other sundry items. These are small payments and repetitive in nature. If all these small payments are recorded in the main cash book, it will be loaded with lot of entries. Hence, all petty payments of the business may be recorded in a separate book, which is called as petty cash book and the person who maintains the petty cash book is called the petty cashier.<\/p>\n

    III. Short Answer Questions<\/p>\n

    Question 1.
    \nExplain the meaning of imprest system of petty cash book.
    \nAnswer:
    \nUnder this system, a fixed amount necessary or sufficient to meet petty payments determined on the basis of past experience is paid to the petty cashier on the first day of the period. (It may be a week or fortnight or month). The amount given to the petty cashier in advance is known as \u201cImprest Money\u201d.<\/p>\n

    The word imprest means payment in advance. The petty cashier makes payments from this amount and records them in petty cash book. At the end of a particular period, the petty cashier submits the petty cash book to the head cashier.<\/p>\n

    The head cashier scrutinises the petty payments and gives amount equal to the amount spent by petty cashier so that the total amount with the petty cashier is now equal to the amount he had received in the beginning as advance. Under the system, the total cash with the petty cashier never exceeds the imprest at any time during the period.<\/p>\n

    Question 2.
    \nBring out the differences between cash discount and trade discount.
    \nAnswer:
    \nFollowing are the difference between cash discount and trade discount:
    \n\"11th<\/p>\n

    Question 3.
    \nWrite the advantages of maintaining petty cash book.
    \nAnswer:
    \nFollowing are the advantages of maintaining petty cash book:<\/p>\n

      \n
    1. There can be better control over petty payments.<\/li>\n
    2. There is saving of time of the main cashier.<\/li>\n
    3. Cash book is not loaded with many petty payments.<\/li>\n
    4. Posting of entries from main cash book and petty cash book is comparatively easy.<\/li>\n<\/ol>\n

      Question 4.
      \nWrite a brief note on accounting treatment of discount in cash book.
      \nAnswer:
      \nIn the discount columns, cash discount, i.e., cash discount allowed and cash discount received are recorded. The net amount received is entered in the amount column on the debit side and the net amount paid is entered in the amount column on the credit side. For the seller who allows cash discount, it is a loss and hence it is debited and shown on the debit side of the cash book. For the person making payment, discount received is a gain because less payment is made and it is credited and shown on the credit side of the cash book.<\/p>\n

      Question 5.
      \nBriefly explain about contra entry with examples.
      \nAnswer:
      \nTo denote that there are contra entries, the alphabet \u2018C\u2019 is written in L.F. column on both sides. Contra means that particular entry is posted on the other side (contra) of the same book, because Cash account and Bank account are there in the cash book only and there are no separate ledger accounts needed for this purpose. The alphabet \u2018C\u2019 indicates that no further posting is required and the relevant account is posted on the opposite side.<\/p>\n

      IV. Exercises<\/p>\n

      Question 1.
      \nEnter the following transactions in a single column cash book of Seshadri for May, 2017.
      \n\"11th
      \nAnswer:
      \nIn the books of Seshadri
      \nSingle column cash book
      \n\"Samacheer<\/p>\n

      Question 2.
      \nEnter the following transactions in a single column cash book of Pandeeswari for the month ofJune, 2017
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Pandeeswari
      \nSingle column cash book
      \n\"Accounting<\/p>\n

      Question 3.
      \nEnter the following transactions in a single column cash book of Ramalingam for month of July, 2017.
      \n\"Class
      \nAnswer:
      \nIn the books of Ramalingam
      \nSingle column cash book
      \n\"Accounting<\/p>\n

      Question 4.
      \nEnter the following transaction in Ahamad\u2019s cash book with discount and cash columns.
      \n\"11th
      \nAnswer:
      \nIn the books of Ahamad\u2019s
      \nCash book with discount and cash columns
      \n\"Class<\/p>\n

      Question 5.
      \nEnter the following transaction in Chandran\u2019s cash book with cash and discount column.
      \n\"Accountancy
      \nAnswer:
      \nIn the books of chandran
      \nCash book with cash and discount columns
      \n\"Chapter<\/p>\n

      Question 6.
      \nEnter the following transactions in cash book with discount and cash column of Anand
      \n\"Subsidiary
      \nAnswer:
      \nIn the books of Anand
      \nCash book with cash and discount and cash columns
      \n\"Samacheer<\/p>\n

      Question 7.
      \nWrite out a cash book with discount, cash and bank columns in the books of Mahendran.
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Mahendran
      \nThere – column cash book
      \n\"Samacheer<\/p>\n

      Question 8.
      \nEnter the following transactions in the three column cash book of Kalyana Sundaram
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Kalyana Sundaram
      \nThere – column cash book
      \n\"Samacheer<\/p>\n

      Question 9.
      \nEnter the following transactions of Fathima in the cash book with cash, bank and discount columns for the month of May, 2017.
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Fathima
      \nThree – column cash book with cash, bank and discount
      \n\"Samacheer
      \nQuestion 10.
      \nEnter the following transactions in the three column cash book of Chozhan.
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Fathima
      \nThree – column cash book with cash, bank and discount
      \n\"Samacheer<\/p>\n

      Question 11.
      \nEnter the following transactions in a cash book with cash, bank and discount columns of Sundari.
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Sundari
      \nThree – column cash book
      \n\"Samacheer<\/p>\n

      Question 12.
      \nRecord the following transactions in the three column cash book of Rajeswari for the month of June, 2017.
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Rajeswari
      \nThree – column cash book
      \n\"Samacheer<\/p>\n

      Question 13.
      \nRecord the following transactions in three column cash book of Ramachandran.
      \n\"Samacheer
      \nAnswer:
      \nIn the books of Ramachandran
      \nThree – column cash book
      \n\"Samacheer<\/p>\n

      Question 14.
      \nRecord the following transactions in the three column cash book of John Pandian.
      \nIn the books of John Pandian
      \nThree – column cash book
      \n\"Samacheer
      \nAnswer:
      \nIn the books of John Pandian
      \nThree – column cash book
      \n\"Samacheer
      \nQuestion 15.
      \nPrepare a triple column cash book of Rahim from the following transactions:
      \n\"Samacheer
      \nIn the hooks of Rahim
      \nThree – column cash book
      \nAnswer:
      \n\"Samacheer<\/p>\n

      Question 16.
      \nPrepare analytical petty cash book from the following particulars under imprest system:
      \n\"Samacheer
      \nAnswer:
      \nAnalytical Petty Cash Book (in \u20b9)
      \n\"Samacheer<\/p>\n

      Question 17.
      \nFrom the following information prepare an analytical petty cash book under imprest system:
      \n\"Samacheer
      \nAnswer:
      \nAnalytical Petty Cash Book (in \u20b9)
      \n\"Samacheer<\/p>\n

      Question 18.
      \nRecord the following transactions in an analytical petty cash book and balance the same. On 1st<\/sup> November, 2017, the petty cashier started with imprest cash \u20b9 2,000.
      \n\"Samacheer
      \nAnswer:
      \nAnalytical Petty Cash Book (in \u20b9)
      \n\"Samacheer<\/p>\n

      Question 19.
      \nEnter the following transactions in Iyyappan\u2019s petty cash book with analytical columns under imprest system.
      \n\"Samacheer
      \nAnswer:
      \nAnalytical Petty Cash Book (in \u20b9)
      \n\"Samacheer<\/p>\n

      Textbook Case Study Solved<\/p>\n

      Vetri is a sole trader selling food products. He maintains a simple cash book. He sells and purchases goods both on cash and credit. He maintains the cash book by himself. He allows discount and receives discount. He has his personal bank account. He also has so many petty expenses. Now, he wants to establish his business. But he wants to maintain the cash book all by himself.
      \nNow, discuss on the following points:<\/p>\n

      Question 1.
      \nWhat could be the reason that Vetri maintains the cash book by himself?
      \nAnswer:
      \nHe is a sole trader, he need not show the accounts to anybody else, he wants to know about profit or loss for himself only. So he maintains cash book only.<\/p>\n

      Question 2.
      \nIs it convenient for him to record all the cash transactions in the simple cash book?
      \nAnswer:
      \nNo, it is not convenient for him to record all the cash transactions in the simple cash book.<\/p>\n

      Question 3.
      \nWill his personal bank account serve the purpose of his business transactions?
      \nAnswer:
      \nNo, his personal bank account will not serve the purpose of his business transactions.<\/p>\n

      Question 4.
      \nSuggest him some better ways of maintaining the cash transactions.
      \nAnswer:
      \nSuggestions:<\/p>\n

      He may maintain triple column cash book, because he can know all cash transactions is a same account.
      \nInstead of personal bank account he can open business bank account (i.e.) current account.<\/p>\n

      Question 5.
      \nWhen his business becomes large, what other books will he be maintaining?
      \nAnswer:
      \nHe will be maintaining the following other books:<\/p>\n

        \n
      1. Triple column cash book.<\/li>\n
      2. Petty cash book (Analytical).<\/li>\n
      3. Purchases book for credit purchases<\/li>\n
      4. Sales book for credit sales.<\/li>\n
      5. Purchases returns book.<\/li>\n
      6. Sales returns book.<\/li>\n
      7. Business book account (i.e. current account to be maintained).<\/li>\n
      8. Proper journal for other assets maintaining:\n
          \n
        • All cash transactions recorded in cash book.<\/li>\n
        • All petty expenses are to recorded in analytical petty cash book.<\/li>\n
        • All credit transactions to recorded in special purpose books (i.e. purchases book, sales book, purchases return book and sales returns book and proper journal.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n

          Samacheer Kalvi 11th Accountancy Subsidiary Books \u2013 II Additional Questions and Answers<\/h3>\n

          I. Multiple Choice Questions
          \nChoose the correct answer<\/p>\n

          Question 1.
          \nCash receipts are recorded on the ……………. of the cash book.
          \n(a) debit side
          \n(b) credit side
          \n(c) journal
          \n(d) ledger
          \nAnswer:
          \n(a) debit side<\/p>\n

          Question 2.
          \nCash payments are recorded on the ……………. of the cash book.
          \n(a) debit side
          \n(b) credit side
          \n(c) contra
          \n(d) journal
          \nAnswer:
          \n(b) credit side<\/p>\n

          Question 3.
          \nAll cash transactions are straightway recorded in the …………….
          \n(a) cash book
          \n(b) ledger
          \n(c) journal
          \n(d) contra
          \nAnswer:
          \n(a) cash book<\/p>\n

          Question 4.
          \n……………. serves the purpose of a journal and a ledger.
          \n(a) cash book
          \n(b) purchase book
          \n(c) sales book
          \n(d) petty cash book
          \nAnswer:
          \n(a) cash book<\/p>\n

          Question 5.
          \nThere are ……………. types of cash book (common).
          \n(a) three
          \n(b) four
          \n(c) five
          \n(d) two
          \nAnswer:
          \n(a) three<\/p>\n

          Question 6.
          \nR.N. expands for …………….
          \n(a) Receipts number
          \n(b) Roll number
          \n(c) Route number
          \n(d) Rank number
          \nAnswer:
          \n(a) Receipts number<\/p>\n

          Question 7.
          \nL.F. expands for ……………..
          \n(a) Long file
          \n(b) Ledger folio
          \n(c) Line folio
          \n(d) Link file
          \nAnswer:
          \n(b) Ledger folio<\/p>\n

          Question 8.
          \nV.N. exapnds for …………….
          \n(a) Value number
          \n(b) Voucher number
          \n(c) Vendor number
          \n(d) Volume number
          \nAnswer:
          \n(b) Voucher number<\/p>\n

          Question 9.
          \nAs both the debit and credit aspects of a transaction are recorded in the cash book, such entries are called ……………. entries.
          \n(a) Contra
          \n(b) Journal
          \n(c) Compound
          \n(d) Opening
          \nAnswer:
          \n(a) Contra<\/p>\n

          Question 10.
          \nThe word ……………. means payment in advance.
          \n(a) imprest
          \n(b) loan
          \n(c) money
          \n(d) petty cash
          \nAnswer:
          \n(a) imprest<\/p>\n","protected":false},"excerpt":{"rendered":"

          Students can Download Accountancy Chapter 7 Subsidiary Books \u2013 II Questions and Answers, Notes Pdf, Samacheer Kalvi 11th Accountancy Book Solutions Guide Pdf helps you to revise the complete Tamilnadu State Board New Syllabus and score more marks in your examinations. Tamilnadu Samacheer Kalvi 11th Accountancy Solutions Chapter 7 Subsidiary Books \u2013 II Samacheer Kalvi …<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[7],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/posts\/13131"}],"collection":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/comments?post=13131"}],"version-history":[{"count":0,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/posts\/13131\/revisions"}],"wp:attachment":[{"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/media?parent=13131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/categories?post=13131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/samacheerkalviguru.com\/wp-json\/wp\/v2\/tags?post=13131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}