Subsidiary books

Sales return book record

• Return of goods sold

• return of goods purchased

• Cash sales

• None of the above

If Rita sells goods for cash, it will be recorded in

• Sales book

• Purchases book

• Cash book

• Journal proper

Total of purchases book is

• Posted to the credit of Purchases account

• Posted to the debit of Purchases account

• Posted to two column cash book

• None of the above

The balance of petty cash book is

• an expense

• a liability

• a profit

• an asset

Cash book records

• All transactions

• All cash transactions

• All credit transactions

• All of the above

Total of purchases return book is recorded

• debit of purchases account

• credit of purchases return account

• debit of purchases return account

• Credit of purchases account

In cash book, discount allowed on a dishonored cheque is cancelled by

• Crediting the bank column

• crediting discount column

• journal entry

• debiting the discount column

Discount column in the cash book is

• Always balanced

• Only totalled

• Never written

• All of the above

Credit balance in bank column of the cash book indicates

• Favorable balance

• Un favorable balance

• Bank Overdraft

• Normal balance

Name types of Cash books