Q.Classify the following under the headings Journal and Ledger :

• Book of second entry
• Initial recording of transactions
• Detailed chronological record of transactions
• Summarized record of transactions
• Contains description of transactions
• Contains number or description of transactions
• Records both debit and credit aspects
• Separates debit and credit side

Showing the 12 most recent of 19 on this concept.

1. CBSE 2026Set MARCH1 markMCQ
   Q.When goods distributed as free samples __________ is credited.

   (a) Drawing account

   (b) Purchase account

   (c) Sales account

   (d) Salary account

   ›Reveal solutionSolution

   When goods are distributed as free samples, the Purchase account is credited — option (b).

   In the Kerala Plus One (DHSE) Accountancy recording of transactions, goods given away as free samples are a form of advertisement. The goods go out of stock at cost, so purchases must be reduced, and the cost is treated as an advertisement/sales-promotion expense. The journal entry is:

   Date	Particulars	L.F.	Debit (₹)	Credit (₹)
   	Advertisement (Free Samples) A/c ..... Dr		XXX
   	To Purchases A/c			XXX
   	(Being goods distributed as free samples)
   …

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2. CBSE 2026Set ANNUAL1 mark
   Q.Fill in the blank: Every debit has a corresponding ________.

   ›Reveal solutionSolution

   Answer: credit.

   Under the double-entry system, every transaction has two equal and opposite aspects, so every debit has a corresponding (equal) credit. …

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3. CBSE 2026Set ANNUAL1 mark
   Q.State whether True or False: Double Entry System is an unscientific system of accounting.

   ›Reveal solutionSolution

   The statement is False.

   The double entry system records both the debit and credit aspects of every transaction, giving a complete, accurate and scientific record. So it is a scientifi …

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4. CBSE 2026Set ANNUAL1 mark
   Q.State whether True or False: Process of writing transactions in journal is called posting.

   ›Reveal solutionSolution

   The statement is False.

   The process of recording transactions in the journal is called journalising. Posting is the process of transferring entries from the …

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5. CBSE 2026Set ANNUAL1 mark
   Q.Answer in one word/sentence: What is the recording of transactions in the books of accounts called?

   ›Reveal solutionSolution

   Answer: Book-keeping (journalising).

   The act of recording business transactions in the books of account is called book-keeping; the specific recording of a transaction in …

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6. CBSE 2025Set MARCH1 markMCQ
   Q.Tax that is levied on the inter state supply of goods and services in India is :

   (a) Central GST

   (b) State GST

   (c) Integrated GST

   (d) Union Territory GST

   ›Reveal solutionSolution

   The correct answer is (c) Integrated GST (IGST).

   Goods and Services Tax in India is a destination-based tax with three main components:

   Type of supply	Tax levied
   Intra-state (within a state)	CGST + SGST
   Intra-Union Territory	CGST + UTGST
   Inter-state (one state to another)	IGST
   …

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7. CBSE 2025Set ANNUAL1 mark
   Q.State whether True or False: On Purchase from Soni for Rs. 1,000 his account will be credited with Rs. 1,000.

   ›Reveal solutionSolution

   The statement is True.

   When goods are purchased on credit from Soni, Soni gives the goods, so his personal account is credited (credit the giver) with Rs. 1,000 a …

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8. CBSE 2024Set MARCH1 markMCQ
   Q.Journal is popularly known as

   (a) a) Primary books of accounts

   (b) b) Secondary books of accounts

   (c) c) Subsidiary books of accounts

   (d) d) Principal books of accounts

   ›Reveal solutionSolution

   Correct option: (a) Primary books of accounts.

   The journal is the book in which a transaction is recorded first, directly from the source document, before being posted to the ledger. Hence it is popularly called the primary book (book of original entry). The l …

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9. CBSE 2024Set MARCH1 mark
   Q.Expand GST.

   ›Reveal solutionSolution

   GST = Goods and Services Tax.

   GST (Goods and Services Tax) is a comprehensive, single indirect tax levied on the supply of goods and services in India, which replaced many earlier taxes such as VAT and service tax. In accounting it is recorded …

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10. CBSE 2023Set MARCH1 markMCQ
    Q.The process of entering transactions in a journal is called ________ .

    (a) Posting

    (b) Balancing

    (c) Journalising

    (d) Trial balance

    ›Reveal solutionSolution

    Recording transactions in the journal is called journalising — option (c).

    From the Kerala Plus One (DHSE) Accountancy chapter Recording of Transactions:

    • Journalising = the process of recording a transaction in the journal by identifying the two accounts affected, applying the debit-credit rules, and writing the entry with a narration.
    • Posting = transferring the debit and credit amounts from the journal to the respective ledger accounts (a later step). …

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11. CBSE 2022Set MARCH1 markMCQ
    Q.The process of recording transactions in journal is called as ________.

    (a) Posting

    (b) Balancing

    (c) Journalising

    (d) Totalling

    ›Reveal solutionSolution

    The process of recording transactions in the journal is called Journalising — option (c). This is a Plus One (Kerala DHSE) Accountancy recording-of-transactions basic.

    The journal is the book of original (prime) entry. Recording a transaction in it — analysing the accounts affected, deciding which is debited and which is credited, entering the amounts and writing a narration — is called journalising.

    Why the other options are wrong: …

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12. CBSE 2022Set ANNUAL1 markMCQ
    Q.The account which is debited for payment of Life Insurance premium of the proprietor is

    (a) Life Insurance Account.

    (b) Insurance Premium Account.

    (c) Drawings Account.

    (d) Cash Account.

    ›Reveal solutionSolution

    The proprietor's life insurance premium is a personal expense; paying it out of the business means debiting Drawings. The answer is (c).

    By the business entity concept, the owner and the business are separate. A life insurance premium on the proprietor's own life is the owner's personal expense. When the business pays it, the amount is withdrawn for the owner's benefit, so:

    Drawings A/c ... Dr

    To Cash/Bank A/c

    …

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