1- Those transactions for which there is no separate book, for recording are recorded in:
A). Journal proper✔️
B). Bills receivable book
C). Bills payable book
D). Cash book
2- Subsidiary books are called books of:
A). Original entry✔️
B). Secondary entry
C). Temporary entry
D). Basic entry
3- Practically, the Cash book is a substitute for cash account in the:
A). Journal
B). Ledger✔️
C). Trial Balance
D). Petty cash book
4- When cash is received from a debtor or customer, generally a receipt or cash memo is issued to the debtor which is called:
A). Receipt voucher✔️
B). Payment voucher
C). Cash voucher
D). Cash receipt
5- When money is paid to a creditor or supplier a receipt is obtained from him which is called:
A). Receipt voucher
B). Payment voucher✔️
C). Cash voucher
D). Petty cash voucher
6- A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called:
A). Receipt voucher
B). Payment voucher
C). Cash voucher✔️
D). Cash memo
7- Single column cash book is used for recording:
A). Cash transactions only✔️
B). Cash and bank transactions
C). Cash, book and discount transactions
D). None of the above
8- The double column cash book makes the record of:
A). Cash transactions only
B). Cash and bank transactions✔️
C). Cash, bank and discount transactions
D). None of the above
9- The triple column cash book makes the record of:
A). Cash transactions only
B). Cash and bank transactions
C). Cash, bank and discount transactions✔️
D). None of the above
10- Discount deducted from the catalogue or list price is called:
A). Trade discount✔️
B). Cash discount
C). Catalogue discount
D). Credit discount
11- If a person pays his debit before the due date of Payment the recipient may grant him an allowance for doing so, this allowance is known as:
A). Trade discount
B). Cash discount✔️
C). Catalogue discount
D). Credit discount
12- If an amount is entered on the debit Side of an account and the exact amount is again entered on the credit side of the same account, it is called a:
A). Contingent entry
B). Contra entry✔️
C). Compounds entry
D). Double entry
13- The balance on the debit side of the bank column in cash book indicates:
A).The total amount withdrawn from ban
B). The total amount deposited from Bank
C). Cash at bank✔️
D). Cash in hand
14- The balance of the column is always:
A). Debit balance✔️
B). Credit balance
C). Both A & B
D). None of the above
15-The cash book in book- keeping records:
A). All receipts and payments in cash✔️
B). All cash and credit sale of goods
C). All credit and cash purchase of goods
D). Only cash payments
16- Cash discount is provided on:
A). Prompt payment✔️
B). Sale
C). Purchase
D). List price
17- Cash account is a:
A). Personal Account
B). Real Account✔️
C). Nominal Account
D). None of the above
18- The discount account is a:
A). Personal Account
B). Real Account
C). Nominal Account✔️
D). Asset Account
19-A contra entry is one which does not require posting to the:
A). Journal
B). Ledger✔️
C).Cash book
D). None of the above
20- A contra entry appears on both sides of:
A). Journal
B). Cash book✔️
C). Trial Balance
D). Sales book
21- Cash account will Show:
A). Debit or credit balance
B). Credit balance
C). Debit balance✔️
D). None of the above
22- Cash book is:
A). Subsidiary journal
B). Subsidiary journal and ledger account✔️
C). Ledger account
D). None of the above
23- A customer’s cheque returned dishonoured is recorded:
A). Returns inwards books
B). Cash book✔️
C). Ledger
D). Sales book
24- Cash sales are recorded in:
A). Sales book
B). Cash book✔️
C). Debtor’s book
D). None of the above
25- Bank columns of the cash book represent bank account in the:
A). Journal
B). Ledger✔️
C). Trial Balance
D). Pass book
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