| 1 |
A book which is used to record small expenses is called |
- A. Expenses book
- B. Cash book
- C. Petty cash book
- D. Purchases book
|
| 2 |
The periodical total of purchases book is posted to the |
- A. Debit of purchases account
- B. Credit of purchases account
- C. Credit of cash account
- D. Debit of sales account
|
| 3 |
Subsidiary books are called books of |
- A. Original entry
- B. Secondary entry
- C. Final entry
- D. Basic entry
|
| 4 |
All the acceptances received from the debtors are recorded in |
- A. Cash book
- B. Bills payable book
- C. Debtor's book
- D. Bills receivable book
|
| 5 |
Which book is used to record all credit purchases? |
- A. Purchases book
- B. Purchases book return
- C. Cash book
- D. Debit note book
|
| 6 |
Which book is used to record all cash receipts and cash payments? |
- A. Sale book
- B. Purchase book
- C. Cash book
- D. Petty cash book
|
| 7 |
All the transactions related to credit sales are recorded in |
- A. Sales returns book
- B. Sales book
- C. Cash book
- D. Credit note book
|
| 8 |
Sales returns book periodical total is posted to |
- A. Debit of returns inwards account
- B. Credit of returns inwards account
- C. Debit of returns outwards account
- D. Credit of returns outwards account
|
| 9 |
The book which is used to record all goods returned to us by our customers is called |
- A. Returns outwards book
- B. Returns inwards book
- C. Sales book
- D. Cash book
|
| 10 |
The cash book is a book of |
- A. Compound entry
- B. Original entry
- C. Final entry
- D. Simple entry
|
