| 1 |
Cash account is a |
- A. Personal account
- B. Nominal account
- C. Real account
- D. Both personal and real account
|
| 2 |
A document evidencing cash receipts and payments and forming the basis for making entries in the cash book is called |
- A. Receipt voucher
- B. Cash voucher
- C. payment voucher
- D. Cash memo
|
| 3 |
Ahmed's cheque endorse to Akbar should be debited to |
- A. Cash account
- B. Cheque account
- C. Akbar's account
- D. Ahmed account
|
| 4 |
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
|
| 5 |
.The cash book is a |
- A. Subsidiary journal
- B. Ledger account
- C. Subsidiary journal and ledger
- D. Trial balance
|
| 6 |
Credit purchases are recorded in |
- A. Purchases book
- B. Creditors book
- C. Cash book
- D. Purchases returns book
|
| 7 |
When cash is withdrawn from the bank for the personal use of the owner, must be debited to |
- A. Cash account
- B. Bank account
- C. Drawings account
- D. Capital account
|
| 8 |
The favorable balance of bank statement is |
- A. Credit balance
- B. Debit balance
- C. Zero balance
- D. All of these
|
| 9 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
| 10 |
The favorable balance of cash book bank column is |
- A. Credit balance
- B. Debit balance
- C. Both debit and credit balance
- D. None of these
|
