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cash book

Total questions: 27

Worksheet time: 14mins

Name
Class
Date
1.

Cash book is a book of ………... in which all transactions relating to cash receipts and cash payments are recorded.

a)

debit entry

b)

credit entry

c)

original entry

d)

single entry

e)

supportive entry

2.

Cash book records ………… receipts and payments.

a)

cash

b)

credit

c)

cash and credit both

d)

either cash or credit

e)

neither cash nor credit

3.

Generally cash book is made on which basis.

a)

weekly

b)

monthly

c)

yearly

d)

all of them

e)

any of them

4.

The single column cash book records all ……... transactions of the business

a)

cash

b)

bank

c)

cash and bank both

d)

any of cash or bank

e)

savings bank

5.

what is L.F. in cash book?

a)

latest forward

b)

ledger file

c)

ledger folio

d)

latest file

e)

last forward

6.

In double column cash book , how many columns of amount are there in cash book?

a)

one column each side

b)

one column

c)

two columns

d)

two columns each side

e)

any of them

7.

For depositing cash/cheques in the bank account, which form has to be filled ?

a)

withdrawl slip

b)

debit note

c)

credit note

d)

pay-in-slip

e)

receipt

8.

A businessman generally opens a ………. account with a bank and maintains related cash book .

a)

savings

b)

current

c)

multiple deposit

d)

fixed deposit

e)

premium

9.

If payment is to be made to the person whose name has been written after the words “pay” on cheque is called a….

a)

bearer cheque

b)

order cheque

c)

dishonour of a cheque

d)

crossed cheque

e)

none of them

10.

When the world ‘bearer’ is struck off by drawing a line, the cheque becomes an order cheque.

a)

bearer cheque

b)

order cheque

c)

dishonour of a cheque

d)

crossed cheque

e)

none of them

11.

When two parallel lines are drawn across the cheque, it is said to be ………

a)

bearer cheque

b)

order cheque

c)

dishonour of a cheque

d)

crossed cheque

e)

none of them

12.

The payment of a………. cheque cannot be made direct to the party on the counter

a)

bearer cheque

b)

order cheque

c)

dishonour of a cheque

d)

crossed cheque

e)

none of them

13.

In case of special crossing and the payment can be made only to the ……... whose name has been written between the two lines

a)

person

b)

bank

c)

bank and person

d)

none of them

e)

none of them

14.

A(n) ………….cheque can be transferred by endorsement and delivery

a)

bearer cheque

b)

order cheque

c)

dishonour of a cheque

d)

crossed cheque

e)

none of them

15.

When cash is deposited in the bank or cash is withdrawn from the bank, both the entries are recorded in the cash book are called …….

a)

counter entry

b)

contra entry

c)

contrast entry

d)

compensatory entry

e)

complete entry

16.
Bank Overdraft is a situation when cash withdrawn from the bank is ………. than the amount of deposit.
a)
more
b)
less
c)
equal
d)
total
e)
difference
17.
If the cheque is deposited on another day, in that case, on the date of receipt it is treated as …….. received and hence recorded in the …….. column on the receipts side
a)
cash , cash
b)
bank, bank
c)
cash , bank
d)
bank, cash
e)
none of them
18.

If a cheque received from a customer is …………., the bank will return the dishonoured cheque and debit the firm’s account.

a)

ordered

b)

crossed

c)

honoured

d)

dishonoured

e)

bearer

19.
On receipt of dishonoured cheque or intimation from the bank, the firm will make an entry on the ……. side of the cash book by entering the amount of the dishonoured cheque in the …….column and the name of the ……... in the particulars column.
a)
credit, bank, customer
b)
debit, bank, customer
c)
credit, bank, firm's
d)
debit, bank, firms
e)
debit, cash, customer
20.

If the bank debits the firm on account of interest, commission or other charges for bank services, the entry will be made on the ……. side in ……..column.

a)

debit, bank

b)

credit, bank

c)

debit, cash

d)

credit, cash

e)

contra, bank

21.

A definite sum, say Rs. 2,000 is given to the petty cashier at the beginning of a certain period is called……system.

a)

advance

b)

prepaid

c)

outstanding

d)

imprest

e)

arrear

22.

A petty cash book has ……. Columns on its ……side

a)

more, debit

b)

more, credit

c)

less, credit

d)

equal, both

e)

cash, bank

23.

A petty cash account is opened in the ledger by all organisations .

a)

true

b)

false

c)

sometimes if needed

d)

only in small business

e)

only in banks .

24.
In the cash book, there will always be ……. balance because cash payments can never ……... cash receipts and cash in hand at the beginning of the period.
a)
debit, exceeds
b)
credit ,exceeds
c)
debit, deficits
d)
credit, deficit
e)
debit, equals
25.
M/S. Diya store deposits Rs. 5,000 in Bank. Which is correct as per recording cash book?
a)
In receipts bank debit
b)
in receipts M/S. Diya debit
c)
In receipts bank credit
d)
in receipts M/S. Diya credit
e)
In receipts cash credit
26.

A cheque of 1,100 endorsed in favour of Nisha. How to record in the cash book?

a)

debit cash column

b)

credit cash column

c)

debit bank column

d)

credit bank column

e)

none of the above

27.

in case of contra entry , C is written in which column of cash book?

a)

credit of bank column

b)

debit of bank column

c)

ledger folio columns

d)

credit of cash column

e)

debit of cash column

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