unit 29 Cash book

Cash book records____________

• a.

  Cash payments and cash receipts

• b.

  Cash receipts

• c.

  Cash payments

• D. Neither cash payments nor cash receipts

Payment of rent expenses is recorded on which side of cash book?

• A. Receipts

• B.

  payment

• C.

  income

• D.

  expense

When you buy items above 200 riyal at Centre Point as a customer and you receive a 10% discount .This is called ............... ............

• Discount allowed

• Discount Received

• imprest system

• depreciation of assets

You are the owner of small business and you have given your first customer of the day a 10% discount for paying using cash. This is called

• discount received

• discount allowed

• discount realized

• desirable income

Which columns are in a 3 column cash book

• A.

  cash

  cheque

  discount

• B.

  bank

  cash

  depreciation

• C.

  discount

  cash

  bank

• D.

  Bank Reconciliation

  cheque

  cash

Discount allowed is on the ------------ side of the cash book. (Choose between the 2 answers in the bucket

Answer explanation

Discount received is on the ----------- of the cash book. (choose between the 2 answers in the bucket)

Answer explanation

We record details of all money coming in to the business in the receipts side of the cash book

• agree

• disagree

• not sure

• answer not given

The debit side of the cashbook is for Receipts and the Credit side is for Payments

• false

• true

• both are correct

• unknow

Cash discount is allowed on _______ repayment of debt

• A.

  Provision for bad debts

• B.

  Lump sum

• C.

  Actual

• D.

  Prompt