Introduction capital by owner of business is recorded on which side of a cash book?
A. Receipts
B. Payments
C. Incomes
D. Expenditures
Accounting MCQs / Q&A
Cash discount is allowed on _______ repayment of debt.
Cash discount is allowed on _______ repayment of debt.
A. Lump sum
B. Prompt
C. Actual
D. None of them
Payment of rent expenses is recorded on which side of cash book?
Payment of rent expenses is recorded on which side of cash book?
A. Receipts
B. Payments
C. Income
D. Expense
Drawings by owner of business are generally recorded on which of the following side of a cash book?
Drawings by owner of business are generally recorded on which of the following side of a cash book?
A. Receipts
B. Payments
C. Incomes
D. Expenditures
A cash book that is used to record the small payments of cash is generally referred as_________?
A cash book that is used to record the small payments of cash is generally referred as_________?
A. Simple cash book
B. Two column cash book
C. Three column cash book
D. Petty cash book
Postage stamps on hand are considered as_________?
Postage stamps on hand are considered as_________?
A. Bank
B. Prepaid expenses
C. Accounts receivable
D. Creditor
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
Purchase of office equipment for cash will be recorded on which of the following sides of a cash book?
A. Receipts
B. Payments
C. Incomes
D. Expenditures
A simple or one column cash book usually has which of the following main columns?
A simple or one column cash book usually has which of the following main columns?
A. Bank
B. Payments
C. Discount
D. Cash
Cash book with cash and discount column is mostly referred as________?
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
Which of the following is generally not the party to a check?
Which of the following is generally not the party to a check?
A. Payee
B. Payer
C. Bank
D. Seller