
The cash book
Authored by Pang SC
Other
10th Grade
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A book of prime entry in which all cash and bank transactions are recorded.
Cash book
Petty cash book
General ledger
Bank and cash account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An allowance given to a customer when an account is settled within a time limit set by the supplier.
Sales discount
Discount received
Cash discount
Trade discount
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Appears on both sides of the cash book. It appears in the debit column of either the cash or bank and the credit column of the other account.
Contra entry
Contra
Discount
Cash and bank
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cheque received which the customer’s bank refuses to pay. This may be because there is not enough money in the bank account or because there is an error on the cheque.
Rejected cheque
Cheque error
Bank overdraft
Dishonoured cheque
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Occurs when the money taken from the bank is greater than the balance in the bank. This represents the amount owed to the bank.
Bank loan
Bank overdraft
Credit balance
Overdraft
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A reduction in the invoice total offered by a business to its credit customers to encourage early settlement of invoices.
Cash discount
Discount received
Discount allowed
Trade discount
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
$800
$1000
$10 300
$10 500
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