Cash Book I (1-10)

1. When any entry is made on the both sides of cash book is called as?

(a) General entry

(b) Double entry

(c) Compound entry

(d) Contra entry

Correct! Wrong!

2. Which one of the following affects cash book during a period?

(a) Recording depreciation expense

(b) Declaration of a cash dividend

(c) Write-off of an uncollectible account receivable

(d) Payment of an accounts payable

Correct! Wrong!

3. How much kind of Cash book?

(a) 2

(b) 3

(c) 4

(d) None of them

Correct! Wrong!

4. A company issues check to pay account payable. The effect of the transaction is to?

(a) Increase assets and liabilities

(b) Increase assets and decrease liabilities

(c) Decrease assets and liabilities

(d) Increase assets and stockholder's equity

Correct! Wrong!

5. A check received and paid into the bank on the same date is recorded in the?

(a) Bank column of the cash book

(b) Cash column of the cash book

(c) Both the cash and bank column of the cash book

(d) None of above

Correct! Wrong!

6. The transaction will be treated as a contra entry when?

(a) Cash withdrew from bank for personal use

(b) Check received from customer and deposited

(c) Cash drew from bank for office use

(d) Non of Above

Correct! Wrong!

7. Which one of the following is not correct for cash book?

(a) It is a dual book

(b) It is journalized ledger

(c) It records liabilities

(d) Double Purpose Book

Correct! Wrong!

8. Over drawn balance of cash book is recorded on?

(a) If Dr or Cr balance not mentioned will be overdrawn balance

(b) If mentioned O/D balance then will be debited on debit side of cash book

(c) Is Credited if the balance is mentioned as an over drawn balance

(d) None of Above

Correct! Wrong!

9. A check received on 12th of December dated 25th December is considered as?

(a) Bank

(b) Cash

(c) Liability

(d) Revenue

Correct! Wrong!

10. Which of the following item is not included in the Cash Book?

(a) Purchases of Rs. 10,000

(b) Sales of Rs.5,000

(c) Received cash for Salman Rs. 2,000

(d) Credit sales of Rs. 22,000

Correct! Wrong!

1. When any entry is made on the both sides of cash book is called as?

2. Which one of the following affects cash book during a period?

3. How much kind of Cash book?

4. A company issues check to pay account payable. The effect of the transaction is to?

5. A check received and paid into the bank on the same date is recorded in the?

6. The transaction will be treated as a contra entry when?

7. Which one of the following is not correct for cash book?

8. Over drawn balance of cash book is recorded on?

9. A check received on 12th of December dated 25th December is considered as?

10. Which of the following item is not included in the Cash Book?

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