| 1 |
Book used to record petty expenses and receipts |
- A. Single Column Cash Book
- B. Petty Cash Book
- C. Double Column Cash Book
- D. Treble Column Cash Book
|
| 2 |
Discount deducted from the catalogue or list price is called: |
- A. Trade discount
- B. Cash discount
- C. Catalogue discount
- D. Credit discount
|
| 3 |
When saleable goods are bought in a business are called: |
- A. Sales
- B. Purchase
- C. Assets
- D. Goods
|
| 4 |
Contra Refers to |
- A. Same Side
- B. Parallel Side
- C. Opposite Side
- D. None of these
|
| 5 |
Our cheque to Babar & Bros, returned dishonoured should be credited to |
- A. Cheque Account
- B. Cash Account
- C. Bank Account
- D. Babar & Bros A/c
|
| 6 |
Petty cash book is a branch of |
- A. Pass Book
- B. Cash Book
- C. Journal
- D. Ledger
|
| 7 |
All the direct expenses are charged to: |
- A. Balance sheet
- B. Profit and loss account
- C. Trading account
- D. None of these
|
| 8 |
All the time of endorsement of a bill the drawer credits: |
- A. The drawee account
- B. The endorser's personal account
- C. Bill receivable account
- D. Endorser's account
|
| 9 |
Credit Balance of pass book must be equal to debit balance of |
- A. Cash Book
- B. Bank Ledger
- C. Clients other Account
- D. None of these
|
| 10 |
The book in which all cash transactions are primarily recorded is called |
- A. Cheque Book
- B. Pass Book
- C. Cash Book
- D. Finance Book
|