Accounts Quiz

Accounts Quiz

10th - 12th Grade

20 Qs

quiz-placeholder

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Accounts Quiz

Accounts Quiz

Assessment

Quiz

Business

10th - 12th Grade

Medium

Created by

Indira C

Used 138+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the business maintains a cash book , it need not maintain a __________________________

Journal

Sales book

Purchase book

Cash and bank account (separately)

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Salaries paid in the month of March, this transaction will appear on which side of the cash book?

Debit

Payment

Contra

Credit

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is not a contra entry in cash book

Cash deposited into bank

Cash withdrawal from bank

Cash withdrawal from bank for personal use

None of these

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is NOT recorded in the cash book?

Trade discount

Bad debts

Credit purchase

All of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A double-column cash book means that it contains ______________

Only cash column

Only bank column

Only discount column

Both cash and bank column

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash book is a book of prime entry for:
Cash receipts only
Cash payments only
Cash receipts and payments
small cash payments

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Cash book has both debit and  credit sides:
True
False

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