Tag: triple column cash book

Questions Related to triple column cash book

In which order the accounting transactions and events are recorded in the books ?  

  1. Journal, Subsidiary books, Ledger and Trial Balance.

  2. Ledger, Journal, Ledger, and Trial Balance.

  3. Subsidiary books, Ledger, and Trial Balance and Journal.

  4. Profit and loss account, Ledger, Balance sheet, Journal.


Correct Option: A

A cheque of Rs. 112 received from a debtor recorded in the cash book but omitted to be banked. When balance as per Cash Book is the starting point.

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: B

The payment side of the Cash Book (Bank Column) was under cast by Rs. 112. When the balance as per Cash Book is the straight point __________ .

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: B

One outgoing Cheque of Rs. 112 recorded in the Cash Book but omitted to be sent to creditor. When the balance as per Cash Book is the starting point ___________________.

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: A

One outgoing cheque of Rs. 112 was recorded twice in the Cash Book. When the balance as per Cash Book is the straight point.

  1. Rs. 112 to be added

  2. Rs. 112 to be subtracted

  3. No adjustment is required

  4. None of these


Correct Option: A

One outgoing cheque of Rs. 112 recorded as Rs. 121 in the cash column is the Cash Book. (Note: The cheque was presented in the bank). When the balance as per Cash Book is the straight point.

  1. Rs. 112 to be subtracted

  2. Rs. 121 to be subtracted

  3. Rs. 9 to be added

  4. Rs. 112 to be added


Correct Option: A

Returns of goods sold for cash Rs. 500 to Ram are recorded in ______.

  1. Sales Book.

  2. Sales Returns Book.

  3. Journal Proper.

  4. Cash Book.


Correct Option: D

A cheque received from a debtor for Rs. 112 deposited but omitted to be recorded in the cash column in the cash-Book (Note: Bank has collected and  credited this cheque)
When the balance as per Cash Book is the starting point. 

  1. Rs. 112 to be added

  2. Rs. 121 to be added

  3. Rs. 9 to be subtracted

  4. Rs. 112 to be subtracted


Correct Option: A

A debit in a nominal account denotes an __________.

  1. income

  2. loss

  3. revenue

  4. expense


Correct Option: D

In triple column cash book, cash withdrawn from bank for office use will appear in ___________.

  1. Debit side of the cash book only

  2. Both sides of the cash book

  3. Credit side of the cash book only

  4. Credit side of the bank account


Correct Option: B
Explanation:

Cash withdrawn from bank for official use will give two effects in cash book. Cash book is carrying cash and bank both columns. Hence withdrawal of cash from bank reduces the bank balance and increases the cash balance.