Tag: meaning and advantages of cash book
Questions Related to meaning and advantages of cash book
A cheque received and deposited in the bank on the same day is recorded in the ______________.
The advantages of imprest system of petty cash include:
1. The main (or head) cashier is relieved of maintaining record of petty payments
2. Small payments are not stuffed in the main cash book.
3. Complete and reliable check is maintained on small items of expenses
4. It is automatically balanced.
While posting the Cash Payment from Cash Book___________.
State whether True or False:
All transactions related to bank are recorded in the bank column of the cash book and these transactions are also recorded in the pass book by the bank.
Bank column of the Cash Book has __________ balance.
_______ is book in which all transactions concerning cash receipts and cash payments are recorded.
Cash sales are recorded in _______________.
Cash purchases are recorded in ______________.
Which of the following books is used to record purchase of machinery by cash?
Cash Book is in the form of _____________.