| 1 |
Cash account is a |
- A. Personal account
- B. Nominal account
- C. Real account
- D. Both personal and real account
|
| 2 |
When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called |
- A. Payment voucher
- B. Receipt voucher
- C. Cash voucher
- D. None of these
|
| 3 |
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
|
| 4 |
When cash is withdrawn from the bank for the personal use of the owner, must be debited to |
- A. Cash account
- B. Bank account
- C. Drawings account
- D. Capital account
|
| 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 |
Unfavorable balances mean |
- A. Credit balance in the pass book
- B. Credit balance in the cash book
- C. Debit balance in bank statement
- D. Both b & c
|
| 7 |
.The cash book is a |
- A. Subsidiary journal
- B. Ledger account
- C. Subsidiary journal and ledger
- D. Trial balance
|
| 8 |
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
|
| 9 |
Our cheque to Ali & Bros, returned dishonored should be credited to |
- A. Cheque account
- B. Cash account
- C. Bank account
- D. Ali & Bros account
|
| 10 |
It is used to record only cash receipts and payments |
- A. Single column cash book
- B. Double column cash book
- C. Treble column cash book
- D. Sales book
|
