Tag: meaning and advantages of cash book

Questions Related to meaning and advantages of cash book

Cash purchases are recorded in _____________.

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Purchases Book

  2. Cash Book

  3. Purchases Returns Book

  4. Partly in Cash Book and partly in Journal Proper

Show answer
Correct Option: B

Jan Dhan Account is an example of _______________.

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Current Account

  2. Fixed Deposit Account

  3. Zero Balance Account

  4. None of the above

Show answer
Correct Option: A

A credit balance in the book statement indicates _____________.

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Cash at bank

  2. Cash in hand

  3. Bank overdraft

  4. Overpayment to creditors

Show answer
Correct Option: A

When obsolete assets are sold on credit, these are originally recorded in the _____________.

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Sales day book

  2. Sale account

  3. General journal

  4. Any of the above

Show answer
Correct Option: C

Which of the following is/are features of cash book ? 

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. All cash transactions are recorded chronologically in the cash book.

  2. It records only one aspect of transaction i.e cash.

  3. It performs the functions of both journal and ledger at the same time .

  4. All of the above

Show answer
Correct Option: D

Which of the following is the kind of a cash book ? 

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Single Column Cash Book

  2. Double Column Cash Book

  3. Three Column Cash Book

  4. All of the above

Show answer
Correct Option: D

Which of the following is/are features of cash book?

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. It performs the functions of both journal and ledger at the same time.

  2. Cash receipts are recorded in the credit side and cash payments are recorded in the debit side.

  3. IT records two aspect of transaction i.e cash & credit.

  4. All of the above

Show answer
Correct Option: A

Cash Book is in the form of ___________.

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Journal

  2. An account

  3. Statement

  4. All of the above

Show answer
Correct Option: B

Which of the following is type of cash book ? 

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Single Column Cash Book

  2. Two Column Cash Book

  3. Three Column Cash Book

  4. All of the above

Show answer
Correct Option: D

The details of goods returned by the customers to the business organization are recorded in ________ book. 

elements of book keeping and accountancy recording and posting of cash transactions explain the purpose of maintaining a cash book introduction, meaning and importance of cash book meaning and advantages of cash book

  1. Sales Returns Book

  2. Purchase Returns Books

  3. Journal Proper

  4. All of the above

Show answer
Correct Option: A