MCQs For NCERT Class 11 Chapter 4 Recording of Transactions – II

Please refer to the MCQ Questions for Class 11 Accountancy Chapter 4 Recording of Transactions – II with Answers. The following Recording of Transactions – II Class 11 Accountancy MCQ Questions has been designed based on the latest syllabus and examination pattern for Class 11. Our experts have designed MCQ Questions for Class 11 Accountancy with Answers for all chapters in your NCERT Class 11 Accountancy book.

Recording of Transactions – II Class 11 MCQ Questions with Answers

See below Recording of Transactions – II Class 11 Accountancy MCQ Questions, solve the questions and compare your answers with the solutions provided below.

Question . Payment of wages for installation of machinery will be recorded as 
(a) Debit Machinery A/c and credit Cash A/c
(b) Debit Cash A/c and credit Machinery A/c
(c) DebitWages A/c and credit Cash A/c
(d) None of the above 

Question . Cash book is considered as both ……… and ……… book.
(a) primary, subsidiary
(b) subsidiary, principal
(c) tertiary, principal
(d) None of these 

Question . Sales account always shows …………….. balance. 
(a) debit
(b) credit
(c) Either (a) or (b)
(d) Can’t say 

Question . Double column cash book records
(a) all transactions
(b) cash and bank transactions
(c) only cash transactions
(d) only credit transactions 

Question . Balancing of an account means that the two sides are totalled and the difference between them is shown on the side, which is shorter in order to make their totals equal.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . Which of the following will be recorded in cash book?
(a) Trade discount of ₹ 5,000
(b) Bad debts of ₹ 3,000
(c) Credit purchases of ₹ 25,000
(d) None of the above 

Question . If Razi paid ₹ 9,900 in settlement of her account of ₹ 10,000, then the discount allowed of ₹ 100 will be recorded in
(a) Journal book
(b) Cash book
(c) Both (a) and (b)
(d) None of these 

Question . Cash deposited into bank ₹ 50,000 will be recorded as
(a) debit of bank column with ₹ 50,000 and credit of cash column with ₹ 50,000.
(b) debit of cash column with ₹ 50,000 and credit of bank column with ₹ 50,000.
(c) debit of bank column with ₹ 50,000 and also debit of cash column with ₹ 50,000.
(d) debit of cash column with ₹ 50,000 also credit of cash column with ₹ 50,000. 

Question . Which of the following is/are not recorded in purchase book?
(i) Cash purchase of goods worth ₹ 5,000.
(ii) Purchase of furniture on credit worth ₹ 75,000.
(iii) Purchase of stationery of ₹ 3,000 on credit.
(a) Only (i)
(b) (ii) and (iii)
(c) (i) and (iii)
(d) (i), (ii) and (iii) 

Question . The balance of sales column in sales book is ₹ 90,000. If ₹ 3,000 is recovered from debtors, what will be the balance in the sales book?
(a) ₹ 90,000
(b) ₹ 93,000
(c) ₹ 87,000
(d) None of these 

Question . Which account will be debited if proprietor pays ₹ 5,000 as life insurance premium from business cash?
(a) Cash A/c
(b) Bank A/c
(c) Insurance A/c
(d) Drawings A/c 

Question . If XYZ Electronics Ltd. purchases 20 TV @ ₹ 2,000 per piece and 15 tape recorders @ ₹ 12,500 per piece. There was a trade discount of 20%.What will be the amount recorded in purchase book?
(a) ₹ 40,000
(b) ₹ 1,87,500
(c) ₹ 2,27,500
(d) ₹ 1,82,000 

Question . Bank column of cash book can have both debit and credit balance.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . Contra entries are not posted into the ledger.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . On 1st April, 2020, the balance of cash column of cash book stood at ₹ 50,000. After paying salaries of ₹ 20,000, receiving ₹ 20,000 from debtors and giving a cheque of ₹ 5,000  to a creditor S, balance of cash will be 
(a) ₹ 45,000
(b) ₹ 50,000
(c) ₹ 70,000
(d) ₹ 85,000 

Question . Under ………………. system, a definite sum is given to the petty cashier at the beginning of certain period and the amount spent is reimbursed from time-to-time. 
(a) financial
(b) accounting
(c) imprest
(d) None of these

Question . If a cheque of ₹ 25,000 is deposited on the same day, it is received and eventually the cheque is dishonoured, it will be recorded as
(a) Debtor A/c      Dr 25,000
           To Bank A/c             25,000
(b) Bank A/c         Dr 25,000
           To Debtor A/c           25,000
(c) Debtor A/c       Dr 25,000
           To Cash A/c              25,000
(d) None of the above 

Question . Identify contra entry from the following.
(a) Salary paid ₹ 20,000.
(b) Cash received from P ₹ 10,000.
(c) Cash deposited into bank ₹ 25,000.
(d) Cash withdrawn from bank for personal use ₹ 5,000. 

Question . Which of the following about cash book is not true?
(a) It serves the purpose of both journal as well as the ledger (cash) account.
(b) It is also called the book of original entry. 
(c) When a cash book is maintained, transactions of cash are not recorded in the  journal, and no separate account for cash or bank is required in the ledger.
(d) It records both cash and credit transactions.

Question . What is the journal entry passed if cheques received are deposited on different dates?
(a) Cheques-in-hand A/c         Dr
            To Debtors
(b) Debtors A/c                      Dr
            To Cheques-in-hand
(c) Bank A/c                          Dr
            To Debtors
(d) None of the above 

Question . Which of the following differentiates between credit note and debit note?
(a) The credit note is prepared by the seller and the debit note is prepared by the buyer. 
(b) The credit note is prepared by the buyer and the debit note is prepared by the seller. 
(c) The credit note is prepared by the customer and the debit note is prepared by  the cashier.
(d) None of the above 

Question . M/s ABC Suppliers sold on credit
(i) Two water purifiers @ ₹ 2,100 each and
(ii) Five buckets @ ₹ 130 each to M/s BCD Traders. What will be the amount shown in sales book?
(a) ₹ 4,200
(b) ₹ 2,230
(c) ₹ 650
(d) ₹ 4,850 

Question . The ……… book is used to record return of goods by customers that had been sold to them on credit.
(a) sales return
(b) sales
(c) cash
(d) None of these 

Question . Given-Imprest amount = ₹ 10,000. What will be the amount of reimbursement, if following expenses were incurred by the petty cashier during the month?  Wages = ₹ 1,900 , Tiffin = ₹ 1,200, Small repairs = ₹ 900, General expenses = ₹ 450.
(a) ₹ 1,900
(b) ₹ 2,100
(c) ₹ 4,000
(d) ₹ 4,450 

Question . The periodic total of purchases return journal is posted to
(a) Purchase account
(b) Profit and loss account
(c) Purchase returns account
(d) Furniture account 

Question . What does credit balance of bank account in cash book signify?
(a) Overdraft
(b) Cash deposited in bank
(c) Cash withdrawn from bank
(d) None of the above 

Question . Goods distributed as samples for sales promotion worth ₹ 25,000 will be recorded in
(a) Sales book
(b) Cash book
(c) Journal proper
(d) None of these 

Question . Which of the following is/are an advantage of maintaining petty cash book?
(a) Saving of time and efforts of chief cashier
(b) Effective control over cash disbursements
(c) Convenient recording
(d) All of the above 

Question . A debit note is prepared by
(a) Purchaser
(b) Seller
(c) Cashier
(d) None of these 

Question . Cash sales are recorded in the …….. .
(a) Sales book
(b) Cash book
(c) Purchase book
(d) None of these 

Question . When a firm maintains a cash book, it need not maintain
(a) journal proper
(b) purchases (journal) book
(c) sales (journal) book
(d) bank and cash account in the ledger 

Question . In cash book, there will only be debit balance.
(a) True
(b) False
(c) Can’t say
(d) Partially true

Question . A cheque for ₹ 10,000 is received from P on 7th August, 2021 and it is endorsed to M on 9th August, 2021. What will be the journal entry passed on 9th August?
(a) Cheques-in-hand A/c     Dr 10,000
                To M’s A/c                          10,000
(b) M’s A/c                         Dr 10,000
                To Cheques-in-hand           10,000
(c) Cheques-in-hand A/c     Dr 10,000
                To P’s A/c                          10,000
(d) Cheques-in-hand A/c     Dr 10,000
                To M’s A/c                         10,000 

Question . When a cash book is maintained, a separate cash book in the ledger is not opened. 
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . Salary due for the month of March 2021 worth ₹ 20,000 will appear in which side of cash book?
(a) Receipt
(b) Payment
(c) Contra
(d) None of these 

Question . Contra entries refer to 
(a) entries that are made only on debit side of cash book.
(b) entries that are made only on credit side of cash book.
(c) entries that are made on both sides of cash book.
(d) None of the above 

Question . Cash purchase of goods is recorded in ……… .
(a) Sales book
(b) Cash book
(c) Purchase book
(d) None of these 

Question . Purchase book records all cash purchases of goods.
(a) True
(b) False
(d) Can’t say
(d) Partially true 

Question . All credit sales of merchandise are recorded in the sales journal.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . If cheque of ₹ 3,000 is received from A, what will be the journal entry?
(a) Cash A/c    Dr 3,000
          To A                  3,000
(b) Bank A/c    Dr 3,000
          To A                  3,000
(c) A               Dr 3,000
          To Bank A/c       3,000
(d) None of the above 

Question . Petty cash book is a book having record of big payments.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . A ………………… is prepared, when a party is to be given a credit for reasons other than credit purchase.
(a) credit note
(b) debit note
(c) written note
(d) None of these

Question . Assets sold on credit will be entered in ……… .
(a) Sales book
(b) Journal proper
(c) Purchase book
(d) None of these 

Question . What will be the amount reflected in the sales return book of ZXC Ltd if 2 table fans @ ₹ 5,000 each are returned by QWE Ltd.? There was a trade discount of 15 %. CGST and SGST are at 6% each.
(a) ₹ 9,520
(b) ₹ 10,000
(c) ₹ 8,500
(d) None of these 

Question . Which of the following method(s) can be used to prepare a petty cash book?
(a) Ordinary system
(b) Imprest system
(c) Financial system
(d) Only (a) and (b) 

Question . The source document for recording entries in the sales journal are sales invoice or bill issued by the firm to the customer.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . Transactions that cannot be recorded in any special journal are recorded in journal called the ……… .
(a) Cash book
(b) Journal
(c) Ledger
(d) Journal proper 

Question . Purchase return of goods is recorded in ………….. 
(a) Purchase return book
(b) Purchase book
(c) Cash book
(d) None of the above 

Question . A ……………… is a document evidencing a debit to be raised against a party for reasons other than sale on credit.
(a) debit note
(b) credit note
(c) written note
(d) None of these 

Question . The sales return book does not record which of the following?
(a) Return of goods sold on cash basis.
(b) Return of goods sold on credit basis.
(c) Return of assets other than the goods in which the firm deals in.
(d) Both (a) and (c) 

Question . Special journals prove economical and make division of labour possible in accounting work.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . Which of the following entries are recorded in journal proper?
(a) Purchase of items on credit other than goods 
(b) Goods withdrawn by the owner for personal use
(c) Endorsement and dishonour of bills of exchange
(d) All of the above 

Question . The source document for recording entries in the sales return book is generally the ……… .
(a) credit note
(b) debit note
(c) trial balance
(d) None of these 

Question . M/s ABC & Sons sold 40 ink pads @ ₹ 8 each, 50 files @ ₹ 10 each, 20 colours books @ ₹ 20 each to Global Stationers and provided 5% trade discount. GST of 5% is applicable on stationery product. How this transaction will be recorded in Global Stationers account? 
(a) To Sales A/c ₹ 1,216.95
(b) By Sales A/c ₹ 1,216.9
(c) By Sales A/c ₹ 1,220
(d) To Sales A/c ₹ 1,159 

Question . Which of the following is not a special purpose book?
(a) Cash Book
(b) Sales Return Book
(c) Journal
(d) Journal Proper 

Question . The accounts of expenses/losses and gains/revenues are also balanced.
(a) True
(b) False
(c) Can’t say
(d) Partially true 

Question . SDF Ltd. returned 2 washing machines purchased from GHJ Ltd. at the list price of ₹ 21,000 per machine less trade discount of 20%, CGST and SGST was paid at 6% each. What will be the amount to be recorded in purchases return book?
(a) ₹ 33,600
(b) ₹ 47,040
(c) ₹ 37,632
(d) ₹ 18,816 

Question . The periodic total of sales return journal is posted to
(a) Sales account
(b) Goods account
(c) Purchases return account
(d) Sales return account 

(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is true, but Reason (R) is false
(d) Assertion (A) is false, but Reason (R) is true

Question . Assertion(A) In large businesses, journal is sub-divided into special journals.
Reason (R) Special journals prove economical and make division of labour possible in accounting work.

Question . Assertion (A) All credit purchases of goods are recorded in the purchases journal.
Reason (R) Cash purchases of goods are recorded in cash book. 

Question . Assertion (A) Petty cash book records repetitive large expenses.
Reason (R) Petty cash book is maintained so that the cash book does not become bulky due to repetitive transactions. 

Question . Assertion (A) Sales return journal is used to record return of goods by customers to them on credit.
Reason (R) In case of balancing the accounts, if the debit side exceeds the credit side, the difference is written on the debit side. 

Fill In The Blanks

Question. Bought goods for Rs.6,000 in cash, CGST and SGST paid @6% each. ____________ amount is to be entered in cash book.

Question. A cheque of rupees 10000 received from Gopal Chandra and was deposited on _____________ account is credited.

Question. Cash discount allowed and received is recorded by the way of _________ entry.

Question. The transaction that effects both sides of the cash book are known as __________ . 

Question. When a cheque is received and deposited in the bank from the customer, returned dishonoured the _____________ account is debited and bank account is ___________________. 

Question. Received from Vedika in full settlement of her account of Rs.6000 and ¾ of it is deposited in bank on same day. The amount to be debited to cask book is Rs. _________ in cash column and Rs. __________ in bank column.

Question. The balance of Sales book is Rs.25,000. Rs.5,000 recovered from debtors . The balance of Sales Book will be transferred to sales account by amount Rs. _____________________. 

Question. Goods destroyed by fire will be recorded in _____________.

Question. For interstate transactions of goods _______________ GST is charged.

Question. A second hand motor car was purchased from Veer Brothers for Rs.10,000. It is recorded in ____________________ book.

Question. Purchased goods for cash Rs.6,720 including CGST, SGST 6 %, received discount of Rs.220. ___________ amount is to be entered in cash book.

Question. Transactions which cannot be recorded in other subsidiary books are recorded in ___________.

Question. Increase in assets is ______________ and decrease in liabilities in _____________. 

Question. Rajesh who owed Rs.5,000 became insolvent and 40p in a rupee wasn’t realised. Amount to be posted in cash book is ______________.

Question. Weekly/ monthly total of purchases book is posted to ___________ side of _____________ account.

Question. M/S Nayar and Co. purchased goods for cash amounting to Rs.10,000 from Ruchi and Co. ________ amount is to be recorded in Purchases Book.

Question. Cash and bank transactions are recorded in the cash book in ____________ order. 

Question. The discount which is allowed by the seller of the goods to the customer for making prompt payment is called ____________ discount.

Question. Reduction in the value of goods sold, allowed by the seller for the poor quality of goods sold, is called ____________

Question. Paid income tax amounting to Rs.20,000 through cheque. ____________ A/c will be debited. 

Question. Raghav, a customer, to whom goods were sold, was allowed rebate of Rs.2000 because they were of poor quality. These goods were sold charging CGST and SGST @ 9% each. Raghav A/c will be credited with Rs. ____________ .

Question. Cash received from debtors appears on the ____________ side of the debtors A/c.

Question. Opening cash balance Rs.60,000. Cash paid to creditors Rs.15,000. Wages paid Rs.3000. Cash account has a ____________ balance of Rs ____________

Question. Bought goods from Sonam for Rs.60,000 for cash and paid carriage charges Rs.1000. Purchases account will be debited with Rs. ____________ .

Question. Bricks , cement etc. for Rs.1,50,000 and timber for Rs.2,00,000 were purchased for the construction of building. Payment was made by cheque. ____________ A/c will be debited with Rs. ____________ .

True / False :

Question. In the cash book, transactions are not recorded in chronological order.     

Question. In the books of M/S Rohan enterprises, the cash received Rs.12,000 will be recorded on the debit side of cash book.

Question. The goods purchased in cash Rs.20,000 will be recorded in receipt side of cash book.   

Question. Non cash transactions are recorded in cash books.   

Question. The opening balances of a firm are Machinery RS.5,00,000, Creditors Rs. 2,00,000and capital Rs.10,00,000. The entries for the same will be passed in journal proper.     

Question. Two column Cash book also records cash discount allowed and received.     

Question. The petty Cash book is used to record large cash payments.   

Question. Cash receipts are recorded in the credit side of cash book.   

Question. Cash book is a journalized ledger.   

Question. The form filled for depositing cash/cheques in the bank is called Pay-in-slip.   

Question. M/S Raman has purchased 80 bottles @ Rs.100 each from M/S Murari on credit. CGST and SGST is levied @6% each.Rs.1,440 will be shown in Input CGST column in the purchase book.   

Question. The source document for recording entries in the sale return book is a debit note.   

Question. The amount given to the petty cashier at the beginning of the certain period is called imprest system.

Question. The credit purchase of assets are recorded in purchase book.

Question. While recording transactions in the bank column of the cash book, rule applicable to personal account is followed.   

Question. The transactions in which the supplier name is not given, is treated as credit transaction.   

Question. Rahul purchased goods from Zee Ltd. Costing Rs. 50,000 & paid Rs.20,000 in cash immediately. Afterwards, he was declared insolvent & only 50 paisa in a rupee could be recovered from his estate. Bad Debts A/c will be debited by Rs. 30,000.

Question. Purchased goods costing Rs. 10,000 for cash at 6% CGST & SGST each. Cash A/c will be credited by Rs. 11,200.

Question. Cash Discount allowed to a customer on sale of goods is credited to Discount A/c.

Question. Ledger is a book in which only real & nominal accounts are maintained.

Question. When more than one account is debited or credited in a transaction, it is termed as a simple journal entry.

Question. An account is said to have a debit balance if total of debit side is more than credit side. 

Question. On 31st March,2019, Mr. Z paid wages Rs. 20,000 and Received Rent Rs.30,000.These transactions can be shown in a single compound entry.

Question. Salary outstanding is an example of a nominal A/c.

Question. Interest is due on loan but not paid for last 9 months. If Loan amount was Rs.12,00,000 taken @ 6% pa. Adjustment entry in journal proper will be recorded as:

Loan A/c Dr.	54,000
To Interest on Loan A/c		54,000

Match The Following

Question. Match with the suitable option

I Sold old newspaper for cash	a) Purchase book
II Purchased 10 colour TV @15000 each	b) Journal proper
	c) Cash book

Question. Match with the suitable option

I Sold to M/S A 30 shirts@400 each 40 trousers@300 each TD @ 10%	a) 6720
II Return 60 pen drive to M/S X purchased @100 each , IGST @12%	b) 12544
	c) 21600

Question. Match with the suitable option

I For closing purchases	a) Trading A/C is ‘Cr’
II For closing sales	b) Trading A/C is ‘Dr’
III For closing salaries	c) P/L A/C is ‘Cr’
	d) P/L A/C is ‘Dr’

Question. Match with the suitable option

I A document prepared by the customer Of the goods	a) Credit note
II A document prepared by the seller Of the goods	b) Voucher
	c) Debit note

Question. Match with the suitable option

I It records transactions of similar nature	a) Journal proper
II It does not record transactions of Similar nature	b) Journal
	c) Subsidiary book

Question. Match with the suitable option

I Bank Charges	a) Bank column receipt side
II Interest allowed by bank	b) No entry
	c) Bank column payment side

Question. Match with the suitable option

I Record of all cash payments	a) Sales Book
II Record of payment of all small expenses	b) Cash Book
	c) Petty cash Book

Question. Match with the suitable option

I Discount allowed , cheque dishonoured	a) No Cash Account is needed
II When cash book is prepared	b) Cash book
	c) Journal Proper

Question. Match with the suitable option

I Additional cash introduced	a) Return inward book
II Return of goods sold by customer	b) Cash Book
	c) Debit note

Question. Match with the suitable option

I Source document for recording in purchases book	a) Credit note
II Note issued by seller on receipt of goods from customer	b) Debit note
	c) Inward invoice

Question. Match with the suitable option

I person who maintain petty cash book	a) Analytical Petty Cash Book
II petty cash book in which payment side is ruled in suitable columns	b) Simple Cash Book
	c) Petty Cashier
	d) Head Cashier

Question. Match with the suitable option

I source document required to record transaction in Sales Return Book	a) Sales Invoice
II source document required to record transaction in Sales Book	b) Debit note
	c) Credit note

Question. Match with the suitable option

I Withdrawn from bank Rs. 4,000	a) Drawing Account
II Withdrawn from bank for personal use	b) Contra Entry
	c) Bank Account

Question. Match with the suitable option

I Imprest amount Rs. 5,000. Expenses incurred during the month Rs. 2,600 amount reimbursed.	a) Rs. 2,400
II Imprest amount Rs. 8,000. Expenses details for the months Rs. 5,500. Has unpaid expenses vouchers Rs. 200 amount reimbursed.	b) Rs. 5,500
	c) Rs. 2,600
	d) Rs. 5,300

Question. Match with the suitable option

I Cheque received amount Rs. 46,000 from Mr. Z after cash discount @8% amount due to Z	a) Rs. 4,000
II for the above transaction cash discount allowed is	b) Rs. 42,320
	c) Rs. 50,000
	d) Rs. 3,680

Question. Match with the suitable option

I Interest on Overdraft charged by bank @ 10 % bank overdraft Rs. 50,000	a) Rs. 10,000
II Interest on Loan due for 9 months @ 10% p.a. Loan amount Rs. 2,00,000. Interest amount is	b) Rs. 5000
	c) Rs. 12,000
	d) Rs. 15,000

Question. Match with the suitable option

I Goods returned by Priti & Co. 20 Fans @ Rs. 3,000 each 10 Coolers @ Rs. 1,500 each Less: Trade Discount @ 5% Amount recorded in Sales Return Column	a) Rs. 75,000
II In the above transaction IGST is levied @12% , amount recorded in IGST column	b) Rs. 71,250
	c) Rs. 78,750
	d) Rs. 8,550

Question. Match items in List I with terms in List II using the codes given below the lists

List –I	List –II
I When the goods are purchased and carriage is paid on it what entry would be passed	a) Purchase A/c. Dr. Carriage A/c Dr. To cash A/c
II Goods purchased from ram for cash	b) Purchase A/c Dr. To cash A/c

Question. Match items in List I with terms in List II using the codes given below the lists

List –I	List –II
I Insurance premium paid for the year is Rs 1200 on 1st July 2016. Amount that is prepaid along with the entry is	a) Prepaid insurance A/c dr.300 To insurance A/c 300
II Entry of insurance premium paid is	b) Insurance premium Dr. 1200 To cash A/c. 1200
	c) Insurance premium Dr. 300 To cash A/c 300

Question. Match items in List I with terms in List II using the codes given below the lists

List –I	List –II
I Sudhir Kumar who owed us rupees 30,000 has failed to pay the amount. he paid as a compensation of 45 paise in a rupee by cheque which account would be credited and with what amount	a) Bad debts recovered Rs30000
II Amount not received from Sudhir Kumar would be debited with	b) Sudhir Kumar Rs30000
	c) Bad debts A/c Rs16500
	d) Cash account Rs13500

Question. Match items in List I with terms in List II using the codes given below the lists

List –I	List –II
I X sold goods to y for rupees 10,000 at 10% trade discount and 2% cash discount X resides in Jaipur and y resides in Kolkata which GST would be levied and with what rate is rate of GST and sgst is 6% each	a) Cgst @ 6%
II If goods are sold within the state which type of GST would be levied if igst is, 12 %	b) Sgst @ 6%
	c) Cgst @ 6%, sgst @ 6%
	d) I GST @ 12%

Question. The opening balance of machine account is rupees Rs 100,000. Machine sold during the year is rupees 20,000 At par. Depreciation charged during the year is rupees Rs10,000

List –I	List –II
I The closing balance of machine account is	a) 70,000
II The closing balance of cash account is	b) 80,000
	c) 30,000
	d) 20,000