Accounts Quiz

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

• Journal

• Sales book

• Purchase book

• Cash and bank account (separately)

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

• Debit

• Payment

• Contra

• Credit

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

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

• Trade discount

• Bad debts

• Credit purchase

• All of the above

A double-column cash book means that it contains ______________

• Only cash column

• Only bank column

• Only discount column

• Both cash and bank column

Cash book is a book of prime entry for:

• Cash receipts only
• Cash payments only
• Cash receipts and payments
• small cash payments

Cash book has both debit and  credit sides:

• True
• False

Discount allowed is shown on credit side of cash book:

• True
• False

Discount Received is shown on Credit side of Cash book:

• True
• False

When a firm maintains a cash book, it need not maintain ________.

• Journal proper
• Purchase book
• Sales book
• Cash and bank accounts in ledger