Tag: three columnar cash book

Questions Related to three columnar cash book

An allowance of  50 was offered for an early payment of cash of  1,050. It will be recorded in _______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Cash sales for  5,00,000 will be recorded in ___________.

  1. Ledger

  2. Cash book

  3. General journal

  4. Sales book


Correct Option: B

Sold furniture on cash for  1,50,000 will be recorded in _____________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Received cash of  2,00,000 from debtors for settlement of credit sales will be recorded in ______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

Accounting for recovery from Mr. C of an amount of 2,000 earlier written off as bad debt will be recorded in ______________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash book


Correct Option: D

Salary paid in cash -  50,000 will be recorded in ______________.

  1. General journal

  2. Cash book

  3. Purchases return book

  4. Purchase book


Correct Option: B

3,50,000 cash paid to creditors for settlement of credit purchases will be recorded in _____________.

  1. Sales Book

  2. Purchase Book

  3. Journal Proper (General Journal)

  4. Cash Book


Correct Option: D

For keeping the bank pass book up to date the responsibility is passed on to _________.

  1. bank

  2. client

  3. creditor

  4. all of the above


Correct Option: B

Bank sent debit advice of Rs.500 to company on overdraft. It wasn't entered in cash book. What will be the adjustment in cash book.

  1. Rs. 500 will be debited

  2. Rs. 500 will be credited

  3. Non- adjustable

  4. Rs. 1000 will be subtracted


Correct Option: B

Which of the following item must be recorded in the adjusted Cash Book in order to bring it in line with the entries in the Bank statement?

  1. Bank charges

  2. An error on the Bank Statement

  3. An uncredited deposit

  4. An unpresented cheque


Correct Option: C