| 1 |
All cash purchases and cash sales are recorded in |
- A. Cash book
- B. Purchases book
- C. Sales book
- D. Purchases and sales book
|
| 2 |
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
|
| 3 |
It is used to record only cash receipts and payments |
- A. Single column cash book
- B. Double column cash book
- C. Treble column cash book
- D. Sales book
|
| 4 |
The favorable balance of bank statement is |
- A. Credit balance
- B. Debit balance
- C. Zero balance
- D. All of these
|
| 5 |
Bank reconciliation statement is prepared by |
- A. Banker
- B. Customer's accountant
- C. Auditors
- D. Manager
|
| 6 |
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
|
| 7 |
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
|
| 8 |
Ahmed's cheque endorse to Akbar should be debited to |
- A. Cash account
- B. Cheque account
- C. Akbar's account
- D. Ahmed account
|
| 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 |
.The cash book is a |
- A. Subsidiary journal
- B. Ledger account
- C. Subsidiary journal and ledger
- D. Trial balance
|
