| 1 |
A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called |
- A. Receipt voucher
- B. Cash voucher
- C. payment voucher
- D. Cash memo
|
| 2 |
Credit purchases are recorded in |
- A. Purchases book
- B. Creditors book
- C. Cash book
- D. Purchases returns book
|
| 3 |
.The cash book is a |
- A. Subsidiary journal
- B. Ledger account
- C. Subsidiary journal and ledger
- D. Trial balance
|
| 4 |
The favorable balance of bank statement is |
- A. Credit balance
- B. Debit balance
- C. Zero balance
- D. All of these
|
| 5 |
It is used to record cash, bank and discount transactions on debit and credit side |
- A. Single column cash book
- B. Petty cash book
- C. Double column cash book
- D. Treble column cash book
|
| 6 |
An entry which is recorded on the both sides of cash book is called |
- A. Simple entry
- B. Compound entry
- C. Combined entry
- D. Contra entry
|
| 7 |
The money can be deposited into bank by means of |
- A. Cash book
- B. Cheque book
- C. Pay-in-slip book
- D. Pass book
|
| 8 |
When cheque received, and deposited into bank, bank account must be |
- A. Credited
- B. Debited
- C. Both debited & credited
- D. None of these
|
| 9 |
All cash purchases and cash sales are recorded in |
- A. Cash book
- B. Purchases book
- C. Sales book
- D. Purchases and sales book
|
| 10 |
Our cheque to Ali & Bros, returned dishonored should be credited to |
- A. Cheque account
- B. Cash account
- C. Bank account
- D. Ali & Bros account
|
