| 1 |
Credit purchases are recorded in |
- A. Purchases book
- B. Creditors book
- C. Cash book
- D. Purchases returns book
|
| 2 |
When money is paid to a creditor or supplier a receipt is obtained from him which is called |
- A. Cash voucher
- B. Cash payment
- C. Receipt voucher
- D. Payment voucher
|
| 3 |
A double column cash book is used to record |
- A. Cash transactions only
- B. Cash and bank transaction
- C. Cash, bank and discount transaction
- D. None of these
|
| 4 |
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
|
| 5 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
| 6 |
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
|
| 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When cash is withdrawn from the bank for the personal use of the owner, must be debited to |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
|
| 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 |
Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to |
- A. Cash account
- B. Discount allowed account
- C. Bank account
- D. Both a & b
|
