| 1 |
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
|
| 2 |
The money can be deposited into bank by means of |
- A. Cash book
- B. Cheque book
- C. Pay-in-slip book
- D. Pass book
|
| 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 |
When cheque received, and deposited into bank, bank account must be |
- A. Credited
- B. Debited
- C. Both debited & credited
- D. None of these
|
| 5 |
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
|
| 6 |
A cash account always shows |
- A. Debit balance
- B. Credit balance
- C. Both debit and credit balance
- D. Nil balance
|
| 7 |
Credit purchases are recorded in |
- A. Purchases book
- B. Creditors book
- C. Cash book
- D. Purchases returns book
|
| 8 |
A statement which is used to reconcile the bank balance as per cash book with the balance as per pass book is called |
- A. Bank statement
- B. Income statement
- C. Bank reconciliation statement
- D. Financial statements
|
| 9 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customer's accountant
- C. Auditors
- D. Manager
|
| 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
|
