A. Simple cash book
B. Two column cash book
C. Three column cash book
D. Petty cash book
Cash book with cash and discount column is mostly referred as________? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Payee
B. Payer
C. Bank
D. Seller
Which of the following is generally not the party to a check? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Cash
B. Bank balance
C. Accounts receivable
D. Cash reserve
Postdated checks are considered as__________? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Every day
B. Every half year
C. Every year
D. At the end of every accounting period
Petty cash fund is supposed to be replenished? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Bank balance
B. Cash at bank
C. Bank overdraft
D. Bank underdraft
A credit balance in cash book indicates? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Liability
B. Asset
C. Expenses
D. Income
The closing balance of petty cash book is considered as_________? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Receipts
B. Payments
C. Incomes
D. Expenditures
Discount received is recorded on which of the following side of a cash book? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Bank
B. Accountant of business
C. Manager of a company
D. Bank’s cashier
Cash book is prepared by____________? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Cash payments
B. Cash receipts
C. Cash payments and cash receipts
D. Neither cash payments nor cash receipts
Cash book records:______________? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS A. Cash entry
B. Contra entry
C. Payment entry
D. Compound entry
An entry which is made on both sides of a cash book is called__________? Read More »
Accounting MCQs / Q&A, CASH BOOK MCQS