cash book july

cash book july

Assessment

Quiz

11th Grade

Hard

Created by

Commerce Guruji

Used 1+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Balance of Petty Cash is :

(a) An Expense

(b) Revenue

(c) An asset

(d) Liability

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cash book is a form of:

(a) Trial Balance

(b) Ledger

(c) Journal

(d) All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Small payments are recorded in a book called

(a) Cash Book

(b) Small payments book

(c) Purchase book

(d) Petty cash book

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the debit and credit aspects of a transaction are recorded in the cash Book it is a:

(a) Contra entry

(b) Simple entry

(c) Double entry

(d) Single entry

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cheques received but deposited on the next day are recorded in:

(a) Cash column of the cash book

(b) Bank column of the cash book

(c) Both of these

(d) None of these

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In petty cash Book, the system followed:

(a) Accrual System

(b) Imprest System

(c) Cash System

(d) None of these

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Double entry in Cash Book is completed when:

(a) Salaries are paid by cheque

(b) Withdrawal of money from bank for personal use

(c) Deposited cash into bank

(d) None of these

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