Practice Test

Q1) An allowance of Rs.50 was offered for an early payment of cash of Rs.1,050 will record in Show Answer

Q2) Accounting for partial recovery from Mr.C of an amount of Rs.2,000 earlier written off as bad debt Show Answer

Q3) The total of discount column on the debit side of cash book, recording cash discount deducted by customers when paying their accounts , is posted to the Show Answer

Q4) Which of the following is the kind of a cash book Show Answer

Q5) Cash book is a type of Show Answer

Q6) Cash book is treated as Show Answer

Q7) Contra entries are passed only when Show Answer

Q8) The cash books record Show Answer

Q9) The balance in the petty cash book is Show Answer

Q10) cash book is a type of _________but treated as a _____of accounts Show Answer

Q11) cash book is used to record Show Answer

Q12) cash receipts are recorded Show Answer

Q13) cash payments are recorded Show Answer

Q14) Which of the following is correct ? Show Answer

Q15) when a firm maintains a simple cash book , it need not maintain Show Answer

Q16) single column cash book may show Show Answer

Q17) which of the following is not a column of a two-column cash book Show Answer

Q18) when firm maintains a double column cash book ,it need not maintain Show Answer

Q19) which of the following is not a column of three-column cash book Show Answer

Q20) when firm maintains a three- column cash book ,it need not maintain Show Answer

Q21) bank column of the cash book may show Show Answer

Q22) which is entered on the debit side of cash book Show Answer

Q23) which is entered on the credit side of cash book Show Answer

Q24) transaction entered on the debit side of the cash book are to be posted to Show Answer

Q25) transaction entered on the credit side of the cash book are to be posted to Show Answer

Q26) which of the following transaction is posted in the ledger Show Answer

Q27) which of the following transaction is not posted in the ledger Show Answer

Q28) the total of discount column on the debit side of cash book, , is posted to the Show Answer

Q29) the total of discount column on the credit side of cash book, , is posted to the Show Answer

Q30) in a three- column cash book Show Answer

Q31) if a debit as well as the credit aspects of a transaction are recorded in the cash book itself it is called Show Answer

Q32) which is not a contra entry in three column cash book Show Answer

Q33) discount column of a cash book may show Show Answer

Q34) when a cheque received on a particular date is not deposited the same day into bank ,it is entered in Show Answer

Q35) when a cheque is returned dishonoured ,it is recorded in Show Answer

Q36) when a cheque received is endorsed ,it is recorded in Show Answer

Q37) A cheque which is payable across the bank counter Show Answer

Q38) In a three column cash book Show Answer

Q39) The balance in the petty cash book is Show Answer

Q40) If S has sold goods for cash ,the entry will be recorded in the Show Answer

Q41) If S has purchased goods for cash ,the entry will be recorded in the Show Answer

Q42) cash book is Show Answer

Q43) If Ram has sold goods for cash , the entry will be recorded Show Answer

Q44) sale of machinery by Mr.X ,a dealer in machinery for Rs.1,20,000 is recorded in Show Answer

Q45) goods costing Rs.900 were sold to ram for Rs.1,000 on 1.1.20XI , on 1.2.2.XI Ram paid Rs.950 on account .Ram's account should be credited with Show Answer

Q46) R paid Rs.900 in full settlement of a debt of Rs.950 which was written off as a bad debt in the previous year Show Answer

Q47) a cheque of Rs.3,500 received from P.K.Jain a customer ,endorsed in favour of P.C .Jain , a supplier . It is to be recorded n Show Answer

Q48) an allowance of Rs.25 was offered for an early payment of cash of Rs.975 is to be recorded in Show Answer

Q49) ____ is the books in which all transactions concerning cash receipts and cash payments are recorded Show Answer

Q50) Cash book is in the form of _____ Show Answer

Q51) Balance of cash column in cash book has _____ Show Answer

Q52) Which of the following is / are features of cash book ? Show Answer

Q53) Which of the following is / are features of cash book ? Show Answer

Q54) Which of the following is type of cash book? Show Answer

Q55) Which of the following is the kind of a cash book? Show Answer

Q56) Which of the following is not a column of a three column cash book? Show Answer

Q57) Rent due for the month of March will appear _____ Show Answer

Q58) Which of the column of the cash book can have credit opening or closing balance? Show Answer

Q59) Which of the column of the cash book is never balanced ______ Show Answer

Q60) Cash account is ______ Show Answer

Q61) Total of debit side discount column of cash book is posted to _____ Show Answer

Q62) The debit balance of cash account shows ____ Show Answer

Q63) Contra entry appears in ____ Show Answer

Q64) Contra entries are passed only when ____ Show Answer

Q65) If a transaction involves both cash and bank account , it is entered on both sides of the cash book ,one in the cash column and second in the bank column ,though on opposite sides. This is called _____ Show Answer

Q66) Payments in cash of small amounts like travelling expenses , postage,carriage etc.are recorded in the ____________ Show Answer

Q67) Which of the following is /are advantages of the imprest system? Show Answer

Q68) The petty cashier generally works on ____system. Show Answer

Q69) Petty cash book may be treated as a ___ Show Answer

Q70) If the debit and the credit aspects of a transaction are recorded in the cash book itself, it is called - Show Answer

Q71) Money spent Rs.20,000 as traveling expenses of directors on trips abroad for purchase of Capital Assets is - Show Answer