| 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 |
When cash is withdrawn from the bank for the personal use of the owner, must be debited to |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
|
| 3 |
The money can be deposited into bank by means of |
- A. Cash book
- B. Cheque book
- C. Pay-in-slip book
- D. Pass book
|
| 4 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customer's accountant
- C. Auditors
- D. Manager
|
| 5 |
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
|
| 6 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
| 7 |
An entry which is recorded on the both sides of cash book is called |
- A. Simple entry
- B. Compound entry
- C. Combined entry
- D. Contra entry
|
| 8 |
The book in which all cash transaction are primarily recorded is called |
- A. Pass book
- B. Cheque book
- C. Finance book
- D. Cash book
|
| 9 |
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
|
| 10 |
Our cheque to Ali & Bros, returned dishonored should be credited to |
- A. Cheque account
- B. Cash account
- C. Bank account
- D. Ali & Bros account
|
