Cash Book

Which entry is made on both sides of the cash book?

• General Entry

• Double Entry

• Contra Entry

• Compound Entry

Which type of cash book includes the discount columns?

• 2- Column Cash Book

• 4-Column Cash Book

• General Cash Book

• 3-Column Cash Book

An invoice shows a total of $3,200 less 2 1/2 cash discount if paid within 30 days. If the invoice was paid within the time allowed what amount would be shown on the cheque?

• $2,960

• $3,040

• $3,120

• $2,800

On which side of the cash book is discount allowed recorded?

• Debit Side

• Debit and Credit Side

• Credit Side

• Folio Column

What type of discount is given to a customer that pays their bill in a specified period of time?

• Trade Discount

• Five Finger Discount

• Cash Discount

• None of these

A copy of the customer's banking transactions that is sent to the customer on a regular basis is called a ___________________

• Bank Statement

• Cheque Book

• Deposit Book

• Statement of Account

A 2-Column Cash Book has 2 money columns as follows:

• One for discount allowed and discount received

• One for Cash and the other for bank

• One for Cash receipt and the other cash payment

• One for Bank receipt and the other discount received

Office cash that is deposited in the bank is recorded in cash book on

• Debit Side

• Credit Side

• Debit and Credit Side

• None of the above

Cash withdrawn for personal use for the owner is recorded on what side of the cash book?

• Debit

• Credit

• Debit and Credit

• None of the above

A cash book is used to record ________________

• All cash transactions

• All bank transactions

• Cash receipts

• All Cash and bank transactions