CASH BOOK- MCQ'S

Q1. A special journal book which is used for recording all cash receipts & cash payments is called 

A) Cash Book

B) Journal Book

C) Ledger Book

D) All of the above 

Q2. How many kinds of Cash book are available?

A) 2

B) 3

C) 4

D) NOTA 

Q3. when any entry is made on the both sides of cash book is called as?

A) General Entry 

B) Double Entry 

C) Compound Entry 

D) Contra Entry 

Q4. The most common imprest system is the ________ system?

A. Petty cash

B. Cash book
C. Cash receipt
D. Discount

Q5. A cash book with cash, bank and discount column is commonly referred as________?

A. Cash book
B. Two columns cash book
C. Three columns cash book
D. Petty cash book

Q6. Cash discount is allowed on _______ repayment of debt.

A. Lump sum
B. Prompt
C. Actual
D. None of them

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Q7. Introduction capital by owner of business is recorded on which side of a cash book?

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

Q8. Payment of rent expenses is recorded on which side of cash book?

A. Receipts
B. Payments
C. Income
D. Expense

Q9. 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

Q10. 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

Q11. A simple or one column cash book usually has which of the following main columns?

A. Bank
B. Payments
C. Discount
D. Cash

Q12. Postage stamps on hand are considered as_________?

A. Bank
B. Prepaid expenses
C. Accounts receivable
D. Creditor

Q13. Cash book does not record the transaction of  

A)Credit nature  

B) Cash nature 

C) Cash & credit nature 

D) NOTA 

Q14. Two column cash book contains ---columns 

A) Cash Account & Bank Account 

B) Only Cash account 

C) Only Bank account 

D) NOTA 

Q15. Receipts recorded in --- & payments recorded in --- side 

A) debit , Credit 

B) credit , debit 

C) only debit 

D) only credit