| 1 |
When money is paid to a creditor or supplier a receipt is obtained from him which is called |
- A. Cash voucher
- B. Cash payment
- C. Receipt voucher
- D. Payment voucher
|
| 2 |
paid to Nadeem cash Rs. 5000 and a cheque for Rs. 4800 in full settlement of his dued Rs. 10000 should be credited to |
- A. Cash account
- B. Bank account
- C. Discount received account
- D. All of these
|
| 3 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
| 4 |
Cash account is a |
- A. Personal account
- B. Nominal account
- C. Real account
- D. Both personal and real account
|
| 5 |
Credit purchases are recorded in |
- A. Purchases book
- B. Creditors book
- C. Cash book
- D. Purchases returns book
|
| 6 |
All cash purchases and cash sales are recorded in |
- A. Cash book
- B. Purchases book
- C. Sales book
- D. Purchases and sales book
|
| 7 |
It is used to record cash, bank and discount transactions on debit and credit side |
- A. Single column cash book
- B. Petty cash book
- C. Double column cash book
- D. Treble column cash book
|
| 8 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customer's accountant
- C. Auditors
- D. Manager
|
| 9 |
A double column cash book is used to record |
- A. Cash transactions only
- B. Cash and bank transaction
- C. Cash, bank and discount transaction
- D. None of these
|
| 10 |
When cash is received from debtor or customer, generally a receipt is issued to the debtor which is called |
- A. Payment voucher
- B. Receipt voucher
- C. Cash voucher
- D. None of these
|
