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MCQ ON CASH BOOK (ACCOUNTANCY AND BOOK KEEPING)

1. When any entry is made on the both sides of cash book is called as?
2. A company issues cheque to pay account payable. The effect of the transaction is to?
3. A cheque received and paid into the bank on the same date is recorded in the?
4. Contra entry is recorded in?
5. A book in which cash balance and bank balance are simultaneously maintained is known as?
6. The unfavorable balance of cash in cash book is?
7. When a company received cheque from customer. The effect of the transaction is to
8. Which of the following columns of a triple column cash book is not balanced?
9. A cash book used to record day to day minor expenses is known as:
10. A cheque which is payable across the bank counter is ______.
11. Which is discount entered on debit side of the cash book?
12. Cash in hand A/C may have ______.balance
13. Cash at Bank A/c may have______. Balance
14. Discount column of a cash book may show ______.
15. Petty cash book records______.

Answer:

1) Contra entry
2) Decrease assets and liabilities
3) Bank column of the cash book
4) Double column cash book, Triple column cash book
5) Double column cash book
6) Liability
7) Increase assets and decrease assets
8) Discount column
9) Petty cash book
10) Bearer cheque
11) Cash discount allowed
12) Only debit
13) Either Debit, Credit, Nil Balance
14) Neither debit balance or credit balance
15) Petty expenses paid in cash

Declaration: These notes composed for exam only.

Please continue your studies from other sources also for upgradation of knowledge & better result

Notes Composed: Sunil Singh (MBA Finance), Varun Singh (Master in English)
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