cashbook

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

• single column

• flex

• double column

• hyper

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

• single column

• Triple column

• double column

• hyper

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

• discount allowed

• Trade discount

• discount received

• discount flow

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

• discount allowed

• Trade discount

• discount received

• discount flow

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

• purchases

• debtors

• creditors

• goods

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

• withdrawal

• overbank

• overdraft

• overboard

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

• coffee

• contra entry

• coconut

• control

8. The folio column is used for………..

• date

• type of transaction

• value

• referencing

9. How many columns are in the format of a three column cashbook?

• 12

• 7

• 5

• 8

10. The column for showing details or description of the type of transaction is the ……..

• folio

• particulars

• amount

• date