Question # 1

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

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Pass book

Cheque book

Finance book

Cash book

When cheque received, and deposited into bank, bank account must be

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Credited

Debited

Both debited & credited

None of these

Ahmed's cheque endorse to Akbar should be debited to

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Cash account

Cheque account

Akbar's account

Ahmed account

When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called

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Payment voucher

Receipt voucher

Cash voucher

None of these

The money can be deposited into bank by means of

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Cash book

Cheque book

Pay-in-slip book

Pass book

Unfavorable balances mean

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Credit balance in the pass book

Credit balance in the cash book

Debit balance in bank statement

Both b & c

paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to

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Cash account

Bank account

Discount received account

All of these

It is used to record only cash receipts and payments

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Single column cash book

Double column cash book

Treble column cash book

Sales book

The favorable balance of cash book bank column is

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Credit balance

Debit balance

Both debit and credit balance

None of these

Our cheque to Ali & Bros, returned dishonored should be credited to

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Cheque account

Cash account

Bank account

Ali & Bros account

A double column cash book is used to record

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Cash transactions only

Cash and bank transaction

Cash, bank and discount transaction

None of these

Cash account is a

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Personal account

Nominal account

Real account

Both personal and real account

A cash account always shows

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Debit balance

Credit balance

Both debit and credit balance

Nil balance

When money is paid to a creditor or supplier a receipt is obtained from him which is called

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Cash voucher

Cash payment

Receipt voucher

Payment voucher

Received a cheque from Bilal Rs. 1900 in ful settlement of his debt Rs. 2000 should be debited to

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Cash account

Discount allowed account

Bank account

Both a & b

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