Question # 1

Book used to record petty expenses and receipts

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Single Column Cash Book

Petty Cash Book

Double Column Cash Book

Treble Column Cash Book

Bank reconciliation statement is prepared by

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Banker

Customers Accountant

Auditor

Manager

Petty cash book is a branch of

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Pass Book

Cash Book

Journal

Ledger

Cheques issued to a creditor but not presented for payment are called

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Un Credited Cheques

Uncollected Cheques

Un Presented Cheques

Dishonoured Cheques

When boan statement shown a debit total balance it means:

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Overdraft as per cash book

Unfavourable balance as per cash book

Favourable balance as per cash book

Overdraft as per bank statement

The most exhaustive cash book is

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Petty Cash Book

Single Column Cash Book

Double Column Cash Book

Treble Column Cash Book

Which column is prepared in single column cash book?

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Bank Column

Cash Column

Discount Column

All of the Above

When saleable goods are bought in a business are called:

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Sales

Purchase

Assets

Goods

Cash account is concerned with:

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Real account

Personal account

Nominal account

Capital account

Bank Reconciliation represents

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A Journal

A Ledger

A Statement

both a and c

In form journal, the first column represents:

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Ledger Folio

Data

Amount

Debit

The excess of gross profit on sale over total operating expenses is called:

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Cost of goods sold

Gross profit

Net profit

None-operating income

The book in which all cash transactions are primarily recorded is called

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Cheque Book

Pass Book

Cash Book

Finance Book

Credit Balance of pass book must be equal to debit balance of

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Cash Book

Bank Ledger

Clients other Account

None of these

Pass book is prepared by

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Debtor

Creditor

Banker

Customer

The rules of the debiting the receiving and crediting the giver is applicable to:

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Persona account

Real account

Nominal account

Expense account

How many columns are drawn on one side of three column cash book ?

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Five Columns

Six Columns

Seven Columns

Eight Columns

The balance of petty cash book is a/an

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Asset

Liability

Expense

Income

In journalizing the page numbers of the ledgers are written in:

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The first column of journal

The second column of journal

The third column of journal

The fourth column of journal

All the direct expenses are charged to:

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Balance sheet

Profit and loss account

Trading account

None of these

A cash account always shows

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Debit Balance

Credit Balance

Both a and b

Nil Balance

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