CASH BOOK

Cash book records ………… receipts and payments.

• cash
• credit
• cash and credit both
• either cash or credit
• neither cash nor credit

The single column cash book records all ……... transactions of the business

• cash
• bank
• cash and bank both
• any of cash or bank
• savings bank

In double column cash book , how many columns of amount are there in cash book?

• one column each side

• one column

• two columns

• two columns each side

• any of them

The Balance of Petty Cash is :

• (a) An Expense

• (b) Revenue

• (c) An asset

• (d) Liability

Cash book is a form of:

• (a) Trial Balance

• (b) Ledger

• (c) Journal

• (d) All of the above

Small payments are recorded in a book called

• (a) Cash Book

• (b) Small payments book

• (c) Purchase book

• (d) Petty cash book

If the debit and credit aspects of a transaction are recorded in the cash Book it is a:

• (a) Contra entry

• (b) Simple entry

• (c) Double entry

• (d) Single entry

Cheques received but deposited on the next day are recorded in:

• (a) Cash column of the cash book

• (b) Bank column of the cash book

• (c) Both of these

• (d) None of these

In petty cash Book, the system followed:

• (a) Accrual System

• (b) Imprest System

• (c) Cash System

• (d) None of these

Double entry in Cash Book is completed when:

• (a) Salaries are paid by cheque

• (b) Withdrawal of money from bank for personal use

• (c) Deposited cash into bank

• (d) None of these