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Below are some of the most important questions on the "Voucher Approach in Accounting". All questions are most likely to be asked in.
SSC, SSC CGL, SSC CHSL, UPSC, IBPS, UPPSC, RRB, RRB NTPC, RRB Group D, JKSSB, JKPSC.
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Mcqs on voucher
approach in Accountancy
1. When you prepared cash memo
When goods are sold on cash.
2. Cash memo is a source voucher
For cash purchases.
3. Invoice is a source voucher when
Selling of goods for credit sales.
4. Invoice is a source voucher when
Purchaser of goods for credit
purchases.
5. Accounting voucher is made from
Source voucher.
6. If purchase of goods returns then
Debit note is prepared
7. If seller receives back the goods sold
He prepares credit note.
8. Voucher is prepared for
Cash and credit purchases & sales.
9. What is cash memo
Source voucher.
10. Invoice is a source voucher for
Credit purchases
11.---------- helps in writing the books
of accounts.
Accounting vouchers
12. Credit note is prepared when
Credit is given to the account.
13. When goods are sold on credit seller
prepares
Invoice.
14. When goods are purchased against cash
Purchaser will get cash
memo
15. Transfer vouchers are prepared to
record
Non-cash transactions.
16. Purchase of furniture on credit is recorded
through
Transfer voucher.
17. Is it true that credit vouchers are
the documentary evidence for cash payments.
False
18. Transfer vouchers is prepared to
record what.
Non-cash transactions.
19. Cash memo is prepared by the seller
when the goods are sold for cash.
True
20. Voucher helps us to serve the
Transaction
21.The two types of cash voucher is
Debit vouchers and credit
vouchers.
22. Cash memo is a source voucher for
purchaser of goods on credit.
False
23. Invoice is a source voucher for
seller of goods on credit.
True.
24. Accounting voucher is prepared from
source voucher.
True
25. If seller receives back the goods
sold, he prepares credit note.
True.
26. Accounting voucher is prepared for
Cash and credit purchases.
27. Outflow of funds means
Debt voucher
28. Inflow of funds means
Credit voucher
29.total number of vouchers are
Two
30. Total number of accounting vouchers
are
Three
31. The document used in purchase return
is
Debit notes
32. The document used in sales return is
Credit note