Tag: triple column cash book

Questions Related to triple column cash book

When can mistake apparent on record be corrected?

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. When mistake noticed by authority passing the order

  2. When mistake pointed out by corresponding officer of SGST

  3. When mistake pointed by person affected by the order

  4. All of the above

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Correct Option: D

Excess of bank withdrawal over bank deposits __________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Overdraft

  2. Cash balance

  3. Bank balance

  4. Loan

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Correct Option: A
Explanation:

The opening cash and bank balances are recorded on the debit side of the cash book. Sometimes a businessman withdraws excess amount from the bank (from his bank account) and the closing bank balance of a month is a credit balance. This balance amount is called 'Bank Overdraft'. It is written on the credit side of the bank column of the cash book as opening balance.

A cash book written in local language by Munimji to record all types of transaction.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash book

  2. Petty cash book

  3. Conventional Cash book

  4. Modern cash book

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Correct Option: C

Which of the following is not a column of a three-column cash-book?

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Cash column

  2. Bank column

  3. Petty cash column

  4. Discount column.

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Correct Option: C

A three-column Cash Book will disclose a bank overdraft when there is __________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. debit balance of cash column

  2. credit balance of cash column

  3. debit balance of bank column

  4. credit balance of bank column

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Correct Option: D

Contra entries are passed only when ____________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. double-column cash book is prepared

  2. three-column cash book is prepared

  3. simple cash book is prepared

  4. all of these

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Correct Option: B

Bank column of the cash book has _____________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. debit balance

  2. credit balance

  3. either debit or credit

  4. neither debit nor credit.

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Correct Option: C

Which of the following will be recorded as Contra Entry?

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Withdrew from bank for personal use

  2. A cheque received from X lodged into bank on the same day

  3. A cheque received from Y a week earlier lodged into bank

  4. A customer directly deposited the money in our bank account

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Correct Option: C

Salaries due for the month will appear________.

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. On the receipt side of the cash book

  2. On the payment side of the cash book

  3. As a contra entry

  4. Nowhere in the cash book.

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Correct Option: D

In arriving at adjusted cash balance which of the following is not taken into account?

commercial studies subsidiary books - 2 three column cash book three columnar cash book triple column cash book

  1. Amount deposited by our customer direct into our bank account

  2. Errors in the cash book

  3. Errors in the pass book

  4. All of the above

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Correct Option: B