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cashbook

Authored by Raji Osarieme

Business

8th Grade

Used 198+ times

cashbook
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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1. A cashbook which records both cash and bank transactions is called a …… cashbook.

single column

flex

double column

hyper

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2. A cashbook which records cash, bank and discount is called a ……… cashbook.

single column

Triple column

double column

hyper

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

3. The discount on the debit side of a triple column cashbook is called………

discount allowed

Trade discount

discount received

discount flow

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

4. The discount on the credit side of a triple column cashbook is called ……

discount allowed

Trade discount

discount received

discount flow

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

5. The discount on the debit side of the cashbook relates to ……….

purchases

debtors

creditors

goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

6. A credit balance in the bank columns of the cashbook is called ……………

withdrawal

overbank

overdraft

overboard

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

7. The letter ‘C’ in the folio column of a two or three column cashbook stands for……

coffee

contra entry

coconut

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