Free Printable CASH BOOK

1.

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

2.

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

3.

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

4.

The Balance of Petty Cash is :

a)

(a) An Expense

b)

(b) Revenue

c)

(c) An asset

d)

(d) Liability

5.

Cash book is a form of:

a)

(a) Trial Balance

b)

(b) Ledger

c)

(c) Journal

d)

(d) All of the above

6.

Small payments are recorded in a book called

a)

(a) Cash Book

b)

(b) Small payments book

c)

(c) Purchase book

d)

(d) Petty cash book

7.

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

a)

(a) Contra entry

b)

(b) Simple entry

c)

(c) Double entry

d)

(d) Single entry

8.

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

a)

(a) Cash column of the cash book

b)

(b) Bank column of the cash book

c)

(c) Both of these

d)

(d) None of these

9.

In petty cash Book, the system followed:

a)

(a) Accrual System

b)

(b) Imprest System

c)

(c) Cash System

d)

(d) None of these

10.

Double entry in Cash Book is completed when:

a)

(a) Salaries are paid by cheque

b)

(b) Withdrawal of money from bank for personal use

c)

(c) Deposited cash into bank

d)

(d) None of these

11.

Imprest amount - ₹ 500. What will be the amount of re-imbursement if following expenses were incurred by the petty cashier during the month – Telephone = ₹150, Tiffin = ₹ 50, small Repairs = ₹ 30 general expenses = ₹ 100

a)

(a) 300

b)

(b) 170

c)

(c) 330

d)

(d) 270

12.

What will be journal entry when cash is withdrawn from bank for personal use?

a)

(a) Drawing A/c debit, Bank A/c credit

b)

(b) Cash A/c debit, Bank A/c credit

c)

(c) Bank A/c debit, Drawing A/c credit

d)

(d) Bank A/c debit, Capital A/c credit

13.

Rent due for the month of March will appear ______ of the cash book.

a)

(a) On the receipt side

b)

(b) On the payment side

c)

(c) As a Contra Entry

d)

(d) Nowhere

14.

Postage stamps purchased for ₹ 30 by business. This transaction will be recorded in:

a)

(a) Purchase book

b)

(b) Cash Book

c)

(c) Petty Cash Book

d)

(d) Journal

15.

The Balance on the debit side of the bank column in Cash Book indicates

a)

(a) Total amount withdrawn from the Bank

b)

(b) Total amount deposited in the Bank

c)

(c) Cash at Bank

d)

(d) Bank Overdraft

16.

When cash book is maintained by business organisation,

------------------------- is not required to be maintained.

a)

(a) Sales Book

b)

(b) Cash Account

c)

(c) Balance Sheet

d)

(d) Trial Balance

17.

2. The balance of cash column of cash book never shows a:

a)

(a) Credit Balance

b)

(b) Debit Balance

c)

(c) None of the above

d)

(d) All of the above

18.

Which of the following is recorded on debit side of cash book?

a)

(a) Cash Sales

b)

(b) Drawings

c)

(c) Credit Sales

d)

(d) Cash Purchases

19.

Cash book is:

a)

(a) Primary book

b)

(b) Subsidiary Book

c)

(c) Special Journal

d)

(d) All of the above

20.

Which of the following will not be recorded in Cash Book?

a)

(a) Cash Sales

b)

(b) Purchase of furniture

c)

(c) Purchases of raw materials on credit

d)

(d) Payment of wages

CASH BOOK

Total questions: 20

Worksheet time: 20mins

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