Q. 1. A single column cash book always shows
|
A. |
Debit balance |
|
C. |
Zero balance |
|
|
B. |
Credit balance |
|
D. |
Debit or Zero balance |
|
Q. 2. Which book is used for recording all cash
transactions?
|
A. |
Cash Book |
|
C. |
Sales Day Book |
|
|
B. |
Purchase Day Book |
|
D. |
Bill Receivable Book |
|
Q. 3. Which entry in the cash book requires no posting to
ledger?
|
A. |
Debit entry |
|
C. |
Contra entry |
|
|
B. |
Credit entry |
|
D. |
No entry |
|
Q. 4. Which of the following will be recorded as contra
entry?
|
A. |
Cheque deposited into bank |
|
C. |
Withdraw from bank for
office use |
|
|
B. |
Cheque issued to creditors |
|
D. |
Withdraw from bank for
personal use |
|
Q. 5. Which of the following transactions is not posted in the ledger?
|
A. |
Cash received from debtors |
|
C. |
Cash deposited into bank |
|
|
B. |
Cash paid to creditors |
|
D. |
Cash withdrawn for personal
use |
|
Q. 6. Discount shown in cash book is
|
A. |
Cash discount |
|
C. |
Cash and trade discount |
|
|
B. |
Trade discount |
|
D. |
None of these |
|
Q. 7. Cash discount is allowed to encourage
|
A. |
Deferred payment |
|
C. |
Non-payment |
|
|
B. |
Cash payment |
|
D. |
Non-receipt |
|
Q. 8. A trader can follow price discrimination policy
through a type of discount called
|
A. |
Cash discount |
|
C. |
Special discount |
|
|
B. |
Trade discount |
|
D. |
Transaction discount |
|
Q. 9. Which is entered in the credit side of the cash
book?
|
A. |
Cash discount allowed |
|
C. |
Trade discount received |
|
|
B. |
Trade discount allowed |
|
D. |
Cash discount received |
|
Q. 10. What type of items record in cash book?
|
A. |
Cash items |
|
C. |
Cash and credit items |
|
|
B. |
Credit items |
|
D. |
All items |
|
Q. 11. What is a cash book?
|
A. |
Ledger Account |
|
C. |
Subsidiary Book |
|
|
B. |
Journal and Ledger |
|
D. |
Journal Proper |
|
Q. 12. Discount allowed to a debtor is credit to
|
A. |
Discount allowed account |
|
C. |
Debtors account |
|
|
B. |
Cash account |
|
D. |
Sales account |
|
Q. 13. A withdrawal of cash from business by the proprietor
should be credited to
|
A. |
Bank account |
|
C. |
Drawings account |
|
|
B. |
Cash account |
|
D. |
Capital account |
|
Q. 14. Cash discount received from a creditor is debited
to
|
A. |
Purchase account |
|
C. |
Discount account |
|
|
B. |
Cash account |
|
D. |
Creditors account |
|
Q. 15. Discount recorded in the debit side of a cash book
is
|
A. |
Cash discount received |
|
C. |
Cash discount allowed |
|
|
B. |
Trade discount allowed |
|
D. |
Trade discount received |
|
Q. 16. Received V.P.P. or money order is an
|
A. |
Expenses |
|
C. |
Assets |
|
|
B. |
Income |
|
D. |
Liabilities |
|
Q. 17. Double column cash book records
|
A. |
Cash and bank transactions |
|
C. |
Only bank transactions |
|
|
B. |
Only cash transactions |
|
D. |
All transactions |
|
Q. 18. What balance shows in bank column of the cash
book?
|
A. |
Debit balance |
|
C. |
Either debit or credit
balance |
|
|
B. |
Credit balance |
|
D. |
Neither debit nor credit
balance |
|
Q. 19. Bank notified that cheque amounted to Rs. 5,000
received from Raju has been dishonoured and bank charged Rs. 100 on it. What
amount will be debited to Raju account in cash book?
|
A. |
Rs. 4,900 |
|
C. |
Rs. 5,100 |
|
|
B. |
Rs. 5,000 |
|
D. |
Rs. 5,200 |
|
Q. 20. Received cash from Sanjay after deducting 2% cash
discount amounted to Rs. 2,450. What amount will be shown in the discount
column of the of the double column (cash and discount) cash book?
|
A. |
Rs. 50 |
|
C. |
Rs. 75 |
|
|
B. |
Rs. 100 |
|
D. |
Rs. 150 |
|
Answer:
|
1. |
D |
2. |
A |
3. |
C |
4. |
C |
5. |
C |
|
6. |
A |
7. |
B |
8. |
B |
9. |
D |
10. |
A |
|
11. |
B |
12. |
C |
13. |
B |
14. |
D |
15. |
C |
|
16. |
A |
17. |
A |
18. |
C |
19. |
C |
20. |
A |
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