CASH BOOK

1. When any entry is made on the both sides of cash book is called as?

• General entry

• Double entry

• Compound entry

• Contra entry

How much kind of Cash book?

• 2

• 4

• 3

• NONE OF THE ABOVE

A company issues check to pay account payable. The effect of the transaction is to?

• Increase assets and liabilities

• Increase assets and decrease liabilities

• Decrease assets and liabilities

• Increase assets and stockholder's equity

A check received and paid into the bank on the same date is recorded in the?

• Bank column of the cash book

• Cash column of the cash book

• Both the cash and bank column of the cash book

• None of above

The transaction will be treated as a contra entry when?

• Cash drew from bank for office use

• Cash withdrew from bank for personal use

• Check received from customer and deposited

• Non of Above

Which one of the following is not correct for cash book?

• It is a dual book

• It is journalized ledger

• It records liabilities

• Both b and c

Over drawn balance of cash book is recorded on?

• If Dr or Cr balance not mentioned will be overdrawn balance

• If mentioned O/D balance then will be debited on debit side of cash book

• Is Credited if the balance is mentioned as an over drawn balance

• None of Above

A check received on 12th of December dated 25th December is considered as?

• cash

• bank

• liability

• revenue

Which of the following item is not included in the Cash Book?

• Purchases of Rs. 10,000

• Sales of Rs.5,000

• Received cash for Salman Rs. 2,000

• Credit sales of Rs. 22,000

cash column of cash book can never have________ balance

• credit

• debit

• zero

• none of these