6-Cash Book Multiple Choice Questions With Answers PDF
6-Cash Book Multiple Choice Questions With Answers PDF
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1.
A. Special entry
B. Original entry
C. Secondary entry
D. All of the above
1.
A. Contra entry
B. Compound entry
C. General entry
D. Double entry
On which side of the cashbook will you find the introduction of capital by the owner?
1.
A. Expenditure
B. Payments
C. Receipts
D. Income
What does the balance on the debit side of the cashbook indicate?
1.
A. Credit balance as per the bank statement
B. The total amount is withdrawn from the bank
C. Total amount deposited in the bank
D. None of the above
Ans: (A) Credit balance as per the bank statement
1.
A. Credit
B. Debit
C. Both of the above
D. None of the above
1.
A. 4
B. 5
C. 2
D. 3
If a company issues a cheque to pay the accounts payable, what will it be for?
1.
A. To increase the asset for the stakeholders
B. To increase the assets of the company
C. To decrease the assets and liabilities
D. To increase the liabilities for the stakeholders
1.
A. When the cash is received and deposited from the customer
B. When the cash is withdrawn from the bank for office uses
C. Both of the above
D. None of the above
Ans: (B) When cash is withdrawn from the bank for office uses
1.
A. Payment of petty cash expenses
B. Petty cash receipts
C. All cash payments
D. All of the above
1.
A. All credit and cash sales
B. All the transactions that happen
C. All receipts and payments in cash
D. All of the above
On which side of the cashbook will you record the office’s goods purchased in cash?
1.
A. Expenditure
B. Receipts
C. Payments
D. Incomes
In case of a cashbook contra entry which of these will not be considered a contra entry?
1.
A. Cash is withdrawn from the bank for personal use
B. Cash deposited to bank
C. Cash is withdrawn from the bank
D. All of the above
1.
A. Debit side of the customer’s account
B. Credit side of the customer’s account
C. Debit side of the sales account
D. Credit side of the sales account
1.
A. Goods account
B. Sales Return account
C. Sales account
D. Any of these
1.
A. Bad debts
B. Credit purchases
C. Trade discount
D. All of the above
1.
A. Cash deposited in the bank
B. Cash is withdrawn from the bank
C. Overdraft
D. None of the above
1.
A. Sales Book
B. Journal Proper
C. Cash and bank accounts in the ledger
D. Purchase book
1.
A. Cash reverse
B. Accounts receivable
C. Bank balance
D. Cash
1.
A. Every three months
B. Every half-year
C. Every year
D. At the end of every accounting period
1.
A. Adjusted cashbook balance
B. Credit balance in the cashbook
C. Debit balance in the cashbook
D. Overdraft
Out of these, which one does not apply in the case of a cashbook?
1.
A. It is used for recording liabilities
B. It is used as a journalized ledger
C. It is used as a double purpose book
D. All of the above
1.
A. Debit side of the cashbook
B. Credit side of the cashbook
C. Shown separately
D. None of the above
If you pay and receive a cheque from the bank on the same day, where would you record it?
1.
A. Cash column
B. Bank column
C. Both of these
D. None of these
1.
1.
A. Bounced cheques
B. Uncollected cheques
C. Uncredited cheques
D. Outstanding cheques
1.
A. Purchase
B. Sales
C. Payments
D. None of the above
1.
A. Accounts receivable
B. Prepaid expenses
C. Both of the above
D. None of the above
1.
A. Cash
B. Bank
C. Discount
D. Payments
What do you call a cashbook with both a cash column and a discount column?
1.
A. Petty cashbook
B. Simple cashbook
C. Two-column cashbook
D. None of the above
1.
A. Bank under draft
B. Bank overdraft
C. Bank balance
D. Cash at bank
1.
A. Banks cashier
B. Company’s manager
C. Company’s accountant
D. Bank
Ans: (C) Company’s accountant
1.
A. When a lump sum amount of money is paid
B. When there is prompt repayment of debt
C. Both of the above
D. None of the above
1.
A. Income
B. Expenditure
C. Receipts
D. Payments
Out of the following, which one will you not record in a cashbook?
1.
A. Trade discount
B. Bad debts
C. Freight charges
D. Prepaid insurance
What does it mean when a bank returns a cheque and marks it as ‘NSF’?
1.
A. Insufficient balance in the account
B. Forged cheque
C. Cash denied due to illegal cheque
D. None of the above
What do you call a cheque already issued by a company and is yet to be presented to the
bank?
1.
A. Uncredited Cheque
B. Uncollected Cheque
C. Bounced cheque
D. Outstanding cheque
What do you call a cashbook that a business uses to record small payments?
1.
A. Petty cashbook
B. Simple cashbook
C. Single column cashbook
D. All of the above
Do you record the interest and the bank charges in a cashbook column?
1.
A. Bank column
B. Cash column
C. Discount column
D. None of the above
Out of these, which is the other account related to the cash account?
1.
A. Personal account
B. Nominal account
C. Real account
D. None of the above
1.
A. Single column cashbook
B. Double column cashbook
C. Three column cashbook
D. Both Double and Three columns cashbook
What is the note sent by the buyer on the return of goods called?
1.
A. Debit note
B. Credit note
C. Return note
D. None of the above
1.
A. After adding the cash discount
B. After deducting the cash discount
C. After adding the trade discount
D. After deducting the trade discount
1.
A. Any time of the year
B. At the beginning of an accounting year
C. In the middle of an accounting year
D. At the end of an accounting year
1.
A. Opening cash balance
B. Cash receipts
C. Cash payments
D. Credit sales
1.
A. Journal proper
B. Sales return book
C. Debit entry for an account
D. None of the above
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