Cash book is a_______

(a)

Subsidiary book

(b)

Principal book

(c)

Journal proper

(d)

Both subsidiary book and principal book

Which of the following is recorded as contra entry?

(a)

Withdrew cash from bank for personal use

(b)

Withdrew cash from bank for office use

(c)

Direct payment by the customer in the bank account of the business

(d)

When bank charges interest

If the debit and credit aspects of a transaction are recorded in the cash book, it is ______.

(a)

Contra entry

(b)

Compound entry

(c)

Single entry

(d)

Simple entry

The balance in the petty cash book is_____.

(a)

An expense

(b)

A profit

(c)

An asset

(d)

A liability

Small payments are recorded in a book called_____.

(a)

Cash book

(b)

Purchase book

(c)

Bills payable book

(d)

Petty cash book

What is cash discount?

What is trade discount?

What is a petty cash book?

Explain the meaning of imprest system of petty cash book.

Enter the following transactions in a simple cash book of Kuna 

2017
Jan		Rs
1	Cash in hand	11,200
5	Received from ramesh	300
7	Pain Rent	30
8	Sold goods for cash	300
10	Paid mohan	700
27	Purchased furniture for cash	200
31	Paid salaries	100

Enter the following transactions in a single column cash cash book of Pradeep for April, 2017

April	Particulars	Rs
1	Commenced Bussiness with cash	27,000
5	Bought goods for cash	6,000
10	Goods sold for cash	11,000
13	Paid into bank	5,000
14	Goods sold to Sangeetha for cash	9,000
17	Goods purchased from Preethi on credit	13,000
21	Purchased stationery by cash	200
25	Paid Murugan by cash	14,000
26	Commission paid by cash	700
29	Drew from bank for office use	4,000
30	Rent paid by cheque	3,000

Enter the following transactions in a single column cash book of Pandeeswari for the month of June, 2017.

	Particulars	Rs
June 2	Started business with cash	50,000
8	Paid rent in cash	4,000
10	Purchased printer for cash	7,500
11	Cash purchases	15,000
14	Cash sales	10,000
17	Commission received in cash	6,000
19	Interest paid for loan in cash	2,000
20	Cash withdrawn for personal use	3,000
21	Paid speed post charges in cash	3,500

Enter the following transactions in cash book with discount and cash column of Anand

		Rs
2017 Dec 1	Cash in hand	19,500
	Sold goods for cash	32,000
	Credit purchases from Gandhi	20,000
	Received from Gopu	11,800
	Discount allowed to him	200
	Cash paid for Electricity charges	12,500
	Bought computer and its accessories by cash	16,800
	Paid cash to Gandhi Rs 19,700 in full settlement of his account
	Received cash from Thiruvengadam	8,900
	Discount allowed to him	100
	Paid trade expenses in cash	3,500