Free Printable Subsidiary books

1.

A person who gives cash to the petty cashier is called as __________

a)

Accountant

b)

CA

c)

Petty Cashier

d)

Head Cashier

2.

A cash book is both a journal as well as ledger.

a)

True

b)

False

3.

Direct deposit made by customer into our bank is recorded on the _______ side of the cash book.

a)

a) payment

b)

b) credit

c)

c) receipt

d)

d) both

4.

Sold goods to Shashi & Sons, vide cash memo no 2415; 6 sofa sets @ 15,000 each, less trade discount 10%. Transaction will be recorded in:

a)

a. Sales book

b)

b. Purchases book

c)

c. Cash book

d)

d. Journal proper

5.

Purchase Return Book is also known as:

a)

a. Returns Outward Book

b)

b. Returns Inward book

c)

c. Invoice Book

d)

d. Journal Proper

6.

Provision for doubtful debts created @ 6% on debtors with book values of Rs. 12,000. This transaction will be recorded in :

a)

a. Purchases book

b)

b. Sales book

c)

c. Cash book

d)

d. Journal proper

7.

Param purchase goods from Dev it will be recorded in

a)

Purchase book

b)

Cash book

c)

Purchase return book

d)

None of the above

8.

Debit note for Rs 20,000 issued to Gita for goods returned by us is accounted in

a)

Sales book

b)

Purchase book

c)

Journal proper

d)

Purchase return

9.

Cash , being an asset is always said to have

a)

Debit balance

b)

Credit balance

c)

No balance

10.

Credit balance in bank column of the cash book indicates

a)

Favorable balance

b)

Bank Overdraft

c)

Normal balance

11.

Total of purchases return book is recorded

a)

debit of purchases account

b)

credit of purchases return account

c)

debit of purchases return account

d)

Credit of purchases account

12.

Cash book records

a)

All transactions

b)

All cash transactions

c)

All credit transactions

d)

All of the above

13.

The balance of petty cash book is

a)

an expense

b)

a liability

c)

a profit

d)

an asset

14.

The source document for recording in Sales book is .....

a)

Inward Invoice

b)

Outward Invoice

c)

Voucher

15.

Credit purchase of Machinery is recorded in the .......

a)

Purchase Book

b)

Cash Book

c)

Journal Proper

16.

If Rita sells goods for cash, it will be recorded in

a)

Sales book

b)

Purchases book

c)

Cash book

d)

Journal proper

17.

The person who draws the cheque and signs on it is the ......

a)

drawer

b)

drawee

c)

payee

d)

all of the above

18.

Opening Petty Cash Balance (???) + Petty Cash Received (5,500) - Petty Expenses Paid (5,000) = Closing Petty Cash Balance (600)

a)

1,500

b)

0

c)

100

19.

Cash Sales (????) + Credit Sales (55,000) - Sales Return (6000)

= Net Sales (1,00,000)

a)

41,000

b)

51,000

c)

7,000

20.

Cash Purchases (85,000) + Credit Purchases (55,000) - Net Purchase Return (?????) = Net Purchases = 1,00,000

a)

40,000

b)

4,00,000

c)

4,000

21.

4) Sold 40 Jackets at Rs 500 per Jacket at 7% Trade discount, What is the amount of Trade discount ?

a)

2,400

b)

1,400

c)

14,000

22.

3) Sold 50 shirts at Rs 500 per shirt and 40 Trousers at Rs 800 each, What is the amount of sales ?

a)

57,000

b)

75,000

c)

58,000

23.

What is the purpose of a Purchase Book?

a)

To monitor inventory levels

b)

To track customer complaints

c)

To record employee salaries

d)

To record all purchases made by a business.

24.

Opening entries are recorded in (a)

25.

Purchase of machinery payment made by cheque is recorded in cash book. Is this statement true or false

(a)

26.

Sale of of machinery by Suresh a dealer in stationary to sumit for rupees 120000 in cash is recorded in

a)

Cash book

b)

Sales book

c)

Purchase book

d)

Journal proper

27.

Which of the following transaction is entered into journal proper

a)

Cash payment to employees for expenses

b)

Cash purchases of goods for resale

c)

Correction of an error

d)

Credit purchase of goods for resale

28.

Purchase of machinery on credit is recorded in cash book. Is this statement true or false

(a)

29.

Contra entries recorded in (a) Book

30.

Param purchase goods from Dev. It will be recorded in

a)

Purchase book

b)

Cash book

c)

Purchase return book

d)

None of the above

31.

Closing entries are recorded in (a)

32.

Debit note for rupees 1000 issued to Suresh for goods returned by us is accounted in

a)

Sales book

b)

Purchase book

c)

Journal proper

d)

Purchase return

33.

Sale of of machinery by Suresh a dealer in stationary to sumit for rupees 120000 is recorded in

a)

Cash book

b)

Sales book

c)

Purchase book

d)

Journal proper

34.

A Petty Cash Fund is set up

a)

as a backup to the Cash at Bank account

b)

so that when the cash registger is low in funds, the employee can take money from the Petty Cash Fund

c)

in order to make payments that are too small to need an individual cheque to be written

d)

as a form of control over the cash at bank account

35.

The Petty Cash Voucher is

a)

Used instead of a cheque for small payments

b)

The documentary evidence that a petty cash payment has been made

c)

Is the document taken and presented for payment for small amounts ie milk

d)

A numbered document used to record the balance of the Petty Cash Fund

36.

The person who is responsible for the Petty Cash is called the

a)

Petty Cash Voucher

b)

Administrative Assistant

c)

Perry Cash Assistant

d)

Petty Cashier

37.

A book that combines both the cash and bank account is called a (a)

38.

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

39.

Cash book is:

a)

(a) Primary book

b)

(b) Subsidiary Book

c)

(c) Special Journal

d)

(d) All of the above

40.

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

41.

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

42.

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

43.

Which type of cash book includes the discount columns?

a)

2- Column Cash Book

b)

4-Column Cash Book

c)

General Cash Book

d)

3-Column Cash Book

44.

Which entry is made on both sides of the cash book?

a)

General Entry

b)

Double Entry

c)

Contra Entry

d)

Compound Entry

45.

If both debit and credit aspects of transactions are recorded in cash book it is called

a)

Opening entry

b)

Compound entry

c)

Transfer entry

d)

Contra entry

46.

Ram purchased goods from Param for cash, the entry will be recorded in in

a)

Sales book

b)

Cash book

c)

Purchase book

d)

Journal proper

47.

If Shyam has sold goods to Ramesh for cash, the entry will be recorded in

a)

Cash book

b)

Sales book

c)

Journal

d)

Purchase book

48.

Cheque returned dishonoured, it is recorded in

a)

Cash column on credit side

b)

Cash column on debit side

c)

Bank column on credit side

d)

Journal proper

49.

A cheque received but not deposited on the same day into Bank is entered in

a)

Cash column on debit side

b)

Bank column on debit side

c)

Cash column on credit side

d)

Journal proper

50.

The balances in the cash book of Rochelle were

Cash in hand $1500 and the bank balance was $3000.

a)

Debit Side

b)

Credit Side

Subsidiary books

Total questions: 50

Worksheet time: 25mins

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