The cash book records____.

(a)

All cash receipts

(b)

All cash payments

(c)

Both (a) and (b)

(d)

All credit transactions

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

The balance in the petty cash book is_____.

(a)

An expense

(b)

A profit

(c)

An asset

(d)

A liability

____________ is maintained by every business, whether small or large is size

(a)

Sales book

(b)

Purchase book

(c)

Cash book

(d)

Credit book

_________ transactions are not recorded in the cash book

(a)

Cash

(b)

Credit

(c)

Both

(d)

None of these

The amount given to the petty cashier in advance is known as ____________

(a)

Imprest Money

(b)

Analytical Petty Cash

(c)

Imprest System

(d)

None of these

When goods are purchased for cash, the entry will be recorded in the __________

(a)

cash book

(b)

purchases book

(c)

journal

(d)

ledger

If a cheque sent for collection is dishonoured, the debit is given to __________

(a)

Suppliers A/c

(b)

Bank A/c

(c)

Customers A/c

(d)

None of these

Which of the following is the kind of a Cash book?

(a)

Simple column Cash book

(b)

Double column Cash book

(c)

Triple Column Cash book

(d)

All the above

In a three column Cashbook ____________.

(a)

Only cash column is balanced

(b)

Only bank column is balanced

(c)

Only discount column is balanced

(d)

Both (a) and (b)