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CASH BOOK MCQS

Cash book with cash and discount column is mostly referred as________?

August 11, 2021September 14, 2018 by admin
Cash book with cash and discount column is mostly referred as________?

A. Simple cash book
B. Two column cash book
C. Three column cash book
D. Petty cash book

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

Which of the following is generally not the party to a check?

August 11, 2021September 14, 2018 by admin
Which of the following is generally not the party to a check?

A. Payee
B. Payer
C. Bank
D. Seller

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

Postdated checks are considered as__________?

August 11, 2021September 14, 2018 by admin
Postdated checks are considered as__________?

A. Cash
B. Bank balance
C. Accounts receivable
D. Cash reserve

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

Petty cash fund is supposed to be replenished?

August 11, 2021September 14, 2018 by admin
Petty cash fund is supposed to be replenished?

A. Every day
B. Every half year
C. Every year
D. At the end of every accounting period

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

A credit balance in cash book indicates?

August 11, 2021September 14, 2018 by admin
A credit balance in cash book indicates?

A. Bank balance
B. Cash at bank
C. Bank overdraft
D. Bank underdraft

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

The closing balance of petty cash book is considered as_________?

August 11, 2021September 14, 2018 by admin
The closing balance of petty cash book is considered as_________?

A. Liability
B. Asset
C. Expenses
D. Income

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

Discount received is recorded on which of the following side of a cash book?

August 11, 2021September 12, 2018 by admin
Discount received is recorded on which of the following side of a cash book?

A. Receipts
B. Payments
C. Incomes
D. Expenditures

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

Cash book is prepared by____________?

August 11, 2021September 12, 2018 by admin
Cash book is prepared by____________?

A. Bank
B. Accountant of business
C. Manager of a company
D. Bank’s cashier

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

Cash book records:______________?

August 11, 2021September 12, 2018 by admin
Cash book records:______________?

A. Cash payments
B. Cash receipts
C. Cash payments and cash receipts
D. Neither cash payments nor cash receipts

Categories Accounting MCQs / Q&A, CASH BOOK MCQS

An entry which is made on both sides of a cash book is called__________?

August 11, 2021September 12, 2018 by admin
An entry which is made on both sides of a cash book is called__________?

A. Cash entry
B. Contra entry
C. Payment entry
D. Compound entry

Categories Accounting MCQs / Q&A, CASH BOOK MCQS
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