Cash Book II (11-20)

11. The cash book called?

(a ) Dual Book

(b) Journalized ledger

(c) Book of prime and secondary entry

(d) All of before

Correct! Wrong!

12. The Debit balance of cash book indicates?

(a) Net income

(b) Cash in hand

(c) Difference between debtors and creditors

(d) None

Correct! Wrong!

13. In triple column cash book, cash withdrawn from bank for office use will appear in?

(a) Both sides of the cash book

(b) Debit side of the cash book only

(c) Credit side of the cash book only

(d) All of above

Correct! Wrong!

14. If a cheque sent for collection is dishonored, the debit is given to?

(a) Suppliers A/c

(b) Bank A/c

(c) Customers A/c

(d) All of above

Correct! Wrong!

15. Petty cash may be used to pay?

(a) Salaries to staff

(b) Expenses relating to post and telegrams

(c) Purchase of furniture and fittings

(d) All of Above

Correct! Wrong!

16. The discount column of a triple column cash book records?

(a) Trade discount

(b) Cash discount

(c) Quality discount

(d) Seasonal discount

Correct! Wrong!

17. In which books of prime entry would the following transactions be entered? A credit sale for Rs. 387 and a cash sale of Rs. 200 less 10% discount for cash payment

(a) Sales day book and cash book

(b) The petty cash book and sales day book

(c) The purchase day book and sales day book

(d) The journal and cash book

Correct! Wrong!

18. On Jan 1st 2002, Rs. 1,000 given to petty cashier, he has spent Rs.860 during the month of January. On Feb 1st to make the imprest he will receive cheque for Rs.______________?

(a) Rs. 1,000

(b) Rs. 860

(c) Rs. 1,860

(d) None

Correct! Wrong!

19. When cash is drawn from bank for business use the entry type will be?

(a) Contra entry

(b) Compound entry

(c) General entry

(d) Double entry

Correct! Wrong!

20. All of the following are other receivables except?

(a) Income taxes refundable

(b) Accrued revenue

(c) Petty cash

(d) Advances to employees

Correct! Wrong!

11. The cash book called?

12. The Debit balance of cash book indicates?

13. In triple column cash book, cash withdrawn from bank for office use will appear in?

14. If a cheque sent for collection is dishonored, the debit is given to?

15. Petty cash may be used to pay?

16. The discount column of a triple column cash book records?

17. In which books of prime entry would the following transactions be entered? A credit sale for Rs. 387 and a cash sale of Rs. 200 less 10% discount for cash payment

18. On Jan 1st 2002, Rs. 1,000 given to petty cashier, he has spent Rs.860 during the month of January. On Feb 1st to make the imprest he will receive cheque for Rs.______________?

19. When cash is drawn from bank for business use the entry type will be?

20. All of the following are other receivables except?

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