| 1 |
When cash is withdrawn from the bank for the personal use of the owner, must be debited to |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
|
| 2 |
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
|
| 3 |
paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to |
- A. Cash account
- B. Bank account
- C. Discount received account
- D. All of these
|
| 4 |
When cheque received, and deposited into bank, bank account must be |
- A. Credited
- B. Debited
- C. Both debited & credited
- D. None of these
|
| 5 |
Our cheque to Ali & Bros, returned dishonored should be credited to |
- A. Cheque account
- B. Cash account
- C. Bank account
- D. Ali & Bros account
|
| 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 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
| 8 |
.The cash book is a |
- A. Subsidiary journal
- B. Ledger account
- C. Subsidiary journal and ledger
- D. Trial balance
|
| 9 |
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
|
| 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
|
