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 A. $5000 will be credited
B. $5000 will be debited
C. $10,000 will be credited
D. $10,000 will be debited
A. $1000 will be added to cash book balance
B. $2000 will be deducted from cash book balance
C. $3000 will be added to cash book balance
D. $3000 will be subtracted from cash book balance
