Cash book is a_______

(a)

Subsidiary book

(b)

Principal book

(c)

Journal proper

(d)

Both subsidiary book and principal book

The cash book records____.

(a)

All cash receipts

(b)

All cash payments

(c)

Both (a) and (b)

(d)

All credit transactions

When a firm maintains a simple cash book, it need not maintain_______.

(a)

Sales account in the ledger

(b)

Purchases account in the ledger

(c)

Capital account in the ledger

(d)

Cash account in the ledger

All the transactions which decrease bank balance are recorded in the ___________ column on the Credit side.

(a)

cash

(b)

credit

(c)

particular

(d)

bank

In addition to cash dealings, every business may use cheques as a means of ___________

(a)

receipts

(b)

payment

(c)

incomes

(d)

expenses

When cash book is maintained, it is not necessary to open a separate __________ account.

(a)

Cash a/c

(b)

bank a/c

(c)

Drawings a/c

(d)

Discount a/c

cash receipts

(1)

Credit side

Cash payments

(2)

Debit side

Discount allowed

(3)

Creditor

Discount received

(4)

Debtor