Cash book
Authored by Shizna Mohamed
Other
9th Grade
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5 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Why cash book is a book of prime entry?
Cash and bank transactions are first recorded in the cash book before entering to the ledger
Cash and bank transactions are recorded only
Answer explanation
Also, it is prepared from the business documents receipts and cheques
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does bank overdraft means?
The amount of money bank owes to the business
The amount of money business owes to the bank
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Why cash book is a part of double entry system?
It has discount received and discount received
It contains ledger account for both cash and bank
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What does discount allowed means?
Discount from suppliers
Discount given to customers
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which side of cash book bank overdraft will enter?
Debit
Credit
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